MUMBAI (Commodities control) – Urad, Masoor, Chana and Moong prices declined for the week ended 11th July amid sluggish mill buying, as demand and sale counter in processed pulses reported negligible activity. On the other hand, Tur prices traded mixed with cautious activity at prevailing rates, while White Pea was priced flat due to thin activity.
Kharif sowing was higher due to timely monsoon rains and higher MSP along with better Government procurements that encouraged farmers towards pulses cultivation.
Weekly Highlights
# Kharif Sowing 44% Higher Than Last Year amid Robust Monsoon Rains.
# India Kharif Pulses Sowing Up 162.35 %, as On July 10, at 64.25 Lakh Ha Vs 24.49 Last Year.
# Tur acreage is racing ahead with 199.20% higher acreage at 2.62 million hectares as compared with corresponding period last year, while Urad acreage was registered at 1.98 million hectares and moong sowing has touched 1.52 million hectares, so far.
# Canada's May Lentil Exports totaled 326,517 metric tons (MT), up 41% from the 231,500 MT exported last month. For the marketing year so far, Canada’s lentil exports was reported at 2,095,502 MT versus 1,647,327 MT in the previous marketing year. India was the biggest buyer at 92,121 MT. Bangladesh was second biggest buyer at 56,610 MT, followed by Turkey at 39,841 MT.
#Australian lentils export was registered at 72,191 metric tons (MT), up 36% from the previous month's total of 52,962 MT. Meanwhile for the marketing year, the export has jumped 224% at 470,090 MT. Lentil exports for the corresponding period in the last marketing year was 145,008 MT. Bangladesh was the biggest buyer of Australian lentil at 45,530 MT. Sri Lanka was the second buyer receiving 9,644 MT, followed by India at 6,568 MT.
Burma Lemon Tur:
Tur moved higher in bilty trade at Akola market by Rs 75-100 to Rs 6,000-6,025/100Kg due to fresh participation by local/outstation millers.
Quality of Tur in Madhya Pradesh/Uttar Pradesh has been average due to rains. Hence, millers prefer to purchase Tur for crushing from Maharashtra/Karnataka.
On the other hand, Tur Lemon variety of Burma-origin, both old and new, fell Rs 50-75 to Rs 5,150/100Kg and Rs 5,300, respectively in Mumbai.
In Mumbai, Malawi-origin Tur lakota variety traded at Rs 4,950-5,000/100Kg, Mozambique Tur gajri/whitevariety at Rs 5,200-5,250 and Arusha Tur average quality at Rs 5,000-5,100.
Mozambique-origin Tur dal Phatka variety traded at Rs 7,400-7,500/100Kg and Sava No variety at Rs 7,200-7,300.
New Mozambique Tur traded at $670-$680per ton in container on CNF basis for August/September shipment.
Meanwhile, demand and sale counter in Tur dal reported slow activity.
Trade activity has been lukewarm, as some markets are shut due to lockdown and labour shortage. Even demand is less due to heavy rains/flood in Bihar, Assam and Uttar Pradesh etc.
Sentiments were pressurised due to fear of government agency liquidating procured old stock, along with higher sowing amid good monsoon.
Consumption, although, is expected to rise as prices of vegetable, poultry and meats products are higher.
Tur prices will be underpinned due to slow-paced seasonal arrivals on low yields.
Moreover stock of imported Tur, both Burma and Africa origin, were reported to be limited.
Meanwhile, arrivals of good quality Tur is weaker in domestic markets. Government is yet to give any quota to millers and refiners. Overseas Supply is expected from August-September.
Major tur stocks have been reported with government as compared to private traders/millers.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
Lemon
|
5150-5300
|
5200-5375
|
5150-5250
|
5275
|
|
Akola
|
Desi Bilty
|
6000-6025
|
5900-5950
|
6025-6050
|
5825-5850
|
|
Gulbarga
|
Desi
|
5700-5800
|
5900-6000
|
5700-5850
|
5800-5850
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Akola
|
Phatka
|
8100-8250
|
8200-8400
|
8200-8400
|
8000-8200
|
|
Gulbarga
|
Phatka
|
7900-8300
|
8100-8500
|
8000-8400
|
7900
|
|
Katni
|
Phatka
|
8450-8550
|
8500-8600
|
8700-8800
|
8200-8300
|
Burma Urad:
Burma Urad FAQ new variety traded weak by Rs 125 at Rs 5,950/100Kg, in Mumbai.
Similarly in Chennai, Burma Urad FAQ/SQ varieties fell Rs 300-400 to Rs 5,900/100Kg and Rs 6,850-6,75, respectively.
Miller purchases were slack, despite lower ready stock of imported Urad as offtake in processed Urad reported negligible.
Upcoming supply from Burma till July end is below expectation against annual quota license.
As per Burma local trader, direct vessel carrying 240 containers departed from Yangon for India (Chennai). Around 25,000 tonnes may be loaded for India in July month against Urad Import Annual Quota of 4 lakh MT.
Indian buyers were interested in purchasing Urad SQ variety at $800 per metric ton on FOB basis. However no trade was reported.
Millers are yet to receive import quota license.
Supreme Court Hearing on the pulses imports case is to take place on 14th July.
Kharif sowing was reported to be higher and new crop is likely to arrive from September-end in domestic markets.
Government reduced the deadline for Urad Import Annual Quota of 4 lakh MT by 6 months to 31st August, 2020.
|
Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai FAQ
|
FAQ
|
5950
|
6075
|
6050
|
4475
|
|
Chennai
|
FAQ
|
5900
|
6200
|
6050-6075
|
4350-4375
|
|
Chennai
|
SQ
|
6850-6875
|
7400
|
7150-7175
|
5575-5600
|
|
Jalgaon
|
Desi
|
6175-6700
|
NA
|
6400-6800
|
4600-5250
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
|
8300-8900
|
8500-9100
|
8500-9100
|
6000-6200
|
Chana Kantewala (Indore):
Chana prices eased for second straight week by Rs 25 at Rs 4,200-4,225/100Kg in Indore following weak cues from futures, thin mill buying and ongoing arrivals.
Actual demand in chana dal and besan from consumption centres was reported to be negligible.
Meanwhile, sentiments are dampened due to NAFED's liquidation of old stock of chana in selected states. However, Nafed is not interested in liquidating stock below Rs 4,500/100Kg.
As on July 9, 2020, NAFED has successfully procured 2110064.09 MT of Chana at Minimum Support Price of Rs 4,875.
As per market talk, current price levels in Chana are attractive for millers/traders due to cheaper pulses and reducing arrivals. Even consumption is likely to increase in coming days as festive period begins next month till Diwali. Meanwhile, prices in spot markets traded much below MSP of Rs 4,875.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4250
|
|
|
Tanzania
|
4000
|
4050
|
4200-4225
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
4175
|
|
Indore
|
Katewala
|
4200-4225
|
4225-4250
|
4350-4375
|
4200
|
|
Delhi
|
Rajasthan origin
|
4150-4175
|
4175
|
4275-4300
|
4400
|
|
Akola
|
|
4400-4425
|
4375-4400
|
4525-4550
|
4375-4400
|
|
Bikaner
|
|
4075
|
4150
|
4250-4260
|
4225-4250
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Akola
|
|
5300-5700
|
5300-5700
|
5400-5800
|
5200-5700
|
|
Indore
|
|
5300-5700
|
5300-5700
|
5400-5800
|
NA
|
|
Jaipur
|
|
4875-4900
|
5000
|
5100
|
5150-5200
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
|
3175
|
3175
|
3175
|
NA
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
5800
|
|
|
42-44
|
6500
|
6500
|
6500
|
5600
|
|
|
44-46
|
6300
|
6350
|
6350
|
5400
|
|
|
Dollar
|
5500-6100
|
5500-6000
|
5400-5800
|
4600-5300
|
|
Mumbai
|
Sudan
|
NA
|
NA
|
NA
|
4325-4350
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4200
|
|
|
Russia
|
4150
|
4200
|
4350-4400
|
4125-4250
|
|
|
Burma
|
NA
|
NA
|
NA
|
4350
|
|
Nafed Procured Chana As On 9 July, 2020
|
|
State
|
MT
|
|
Andhra Pradesh
|
127915.1
|
|
Karnataka
|
101843.45
|
|
Rajasthan
|
615666.61
|
|
Telangana
|
47600
|
|
Maharashtra
|
338964.37
|
|
Madhya Pradesh
|
706313.62
|
|
Uttar Pradesh
|
38498.18
|
|
Haryana
|
10636.46
|
|
Gujarat
|
122626.3
|
|
Total
|
2110064.09
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia origin Masoor continued to trade lower by Rs 100 each at Rs 5,250-53450/100Kg and Rs 5,400, respectively in Mumbai amid thin buying due to unattractive crushing margins.
Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 50-100 each at Rs 5,200-5,225/100Kg and Rs 5,175-5,200, respectively.
Cheaper overseas supplies, ongoing rabi crop arrivals and thin demand in processed Masoor will keep prices under pressure.
Vessel M. V. Livita carrying approx. 53000 MT Masoor from Canada is discharging at Kakinada port. Vessel will discharge at two ports; 25000 MT at Kakinada and 28000 MT at Kolkata.
Another vessel M.V. Paola Topic carrying 57000 MT Canada Masoor departed for India on 30 June. Vessel is expected to reach India till July end and discharge at two port (Hazira/Mundra).
Three more vessels are expected to arrive in India, carrying Masoor from Canada before 31 August, 2020.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
Canada
|
5250-5350
|
5350-5450
|
5400-5550
|
4000-4100
|
|
|
Australia
|
5400
|
5500
|
5600
|
4200
|
|
Mundra
|
Canada
|
5175-5200
|
5250
|
5300
|
NA
|
|
Hajira
|
Canada
|
5200-5225
|
5300
|
5350
|
NA
|
|
Kolkata
|
Canada
|
5300-5350
|
5400
|
5400-5500
|
4150
|
|
|
Australia
|
5400-5500
|
5500-5550
|
5650-5700
|
4350
|
|
Indore
|
Desi
|
5500
|
5500
|
5600-5650
|
4150
|
|
Raipur
|
Desi
|
5400
|
5700
|
5750-5800
|
4325-4350
|
|
Kanpur
|
Desi
|
NA
|
5850
|
5875
|
4425
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Khopoli
|
|
6600
|
6650
|
6650
|
5150-5250
|
|
Katni
|
|
NA
|
NA
|
NA
|
4950
|
Imported White Pea (Mumbai):
Canada origin White Pea was priced unchanged at Rs 6,000/100Kg amid thin activity.
The peas could not find support, despite tightness in ready stock.
On the other hand, White Pea prices moved higher for second straight week by Rs 100 at Rs 5,250/100Kg at Kanpur market amid slowdown in new arrivals and demand from Southern markets, for graded quality White Pea.
However, prices are unlikely to sustain at higher rates as millers preferred to stay with desi Chana/Kabuli Chana, due to easy availability.
Prices of White pea dal and besan ruled flat as demand and sale counter witnessed thin participation.
Supreme Court Hearing on the pulses import case will take place on 14th July now.
|
White Pea ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
Canada
|
6000
|
6000
|
6000
|
4825
|
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
5250
|
|
Kanpur
|
|
5250
|
5100-5150
|
4975-5000
|
5050-5150
|
|
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
|
3525
|
3525
|
3525
|
NA
|
|
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Mumbai
|
|
6550
|
6550
|
6550
|
NA
|
Moong (Jaipur):
Moong prices extended fall by Rs 100 at Rs 6,500-6,600/100Kg in Jaipur market of Rajasthan, as per quality, on slow mill buying for immediate requirement for crushing.
Meanwhile, demand and sale counters in processed Moong reported thin participation.
Similarly, summer crop Moong ruled weak due to average quality arrivals in various origin because of recent rain and higher arrivals.
Millers were interested in purchasing good quality Moong for crushing. However, average quality arrivals at various origins were witnessed due to recent rains. Meanwhile higher arrivals dampened sentiments.
kharif sowing is reported to be higher and new crop will likely arrive from mid- August in Karnataka.
Stockiests are sidelined at current prices, despite lower stocks with government agencies and private traders/millers.
Locust attack hit the summer moong crop in the several districts of Rajasthan, MP and UP.
As on July 9, 2020, NAFED has successfully procured 3857.88 MT of Moong at Minimum Support Price of Rs 7,050.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Jaipur
|
Kharif
|
6500-6600
|
6600-6700
|
6700-6750
|
5900-6300
|
|
Veraval
|
Summer
|
NA
|
6800-7200
|
NA
|
NA
|
|
Harda
|
Summer
|
NA
|
4000-6550
|
NA
|
5200-5750
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
11-Jul-20
|
04-Jul-20
|
27-Jun-20
|
11-Jul-19
|
|
Jaipur
|
|
7300-7400
|
7500-7600
|
7600-7700
|
7400
|
|
Gulbarga
|
|
8600-8700
|
9100-9200
|
9700-9800
|
7900
|
|
Akola
|
|
NA
|
NA
|
NA
|
7300-7800
|
|
Nafed Procured Moong As On 9 July, 2020
|
|
State
|
MT
|
|
Odisha
|
3757.33
|
|
Tamil Nadu
|
100.55
|
|
Total
|
3857.88
|
(By Commodities control Bureau; +91 9820130172)
|
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