MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Masoor, Moong and White Pea moved higher for the week ended 26th September amid improved mill buying activity. Kharif pulses also moved higher because of damage to the standing crop on account of continuous rains, fresh hike in the MSP by the government, despite the reports of higher kharif output in the country this year and record production estimates. One of the major reasons for the prices going northwards is the delay in issuance of import license and in liquidation of Nafed's stock of pulses purchased last year from the farmers. Industry has demanded that government agency NAFED should release its stock to ease supplies. Weekly Highlights # India’s Kharif sowing area inched up to 1116.88 lakh hectare till now. Total Kharif area was 4.77 percent (50.83 lakh hectare) higher than last kharif season’s acreage. Around 1066 lakh hectare acreage was recorded for the corresponding period of last year. # India kharif pulses sowing as on Sep 25 was up 4.05% at 139.36 lakh hectare as against 133.94 lakh hectare during the same period last year. # 1st Adv Est:Total kharif pulses production during 2020-21 is estimated at 9.31 million tonnes. It is higher by 1.59 million tonnes than pulses production of 7.72 million tonnes in 2019-20 (fourth advance estimate). # Yellow Mozaic Damages Moong in Rajasthan; Prices Head Northward. # Parliament passed a bill to remove cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities. # Gujarat Announces ₹3,700-Crore Relief Package for Kharif Crop Loss. # Cabinet Approves MSP for MY 2021-22 Rabi Crops; Upto Rs 300 Rise for Pulses. # Agri Minister - National Rabi Conference for Aatmanirbhar Kheti; Focus on Pulses, Mustard This Rabi. # BNP Paribas to Halt Commodity Trade Financing from Geneva. # Commodity Exchanges Post Three-Fold Rise in Turnover.
India 2020-21 Kharif Pulses Sowing Up 4.05 % As On Sep 25, 2020
Commodity
Area Sown In Lakh Hectare 2020-2021
Area Sown In Lakh Hectare 2019-20
Tur
48.49
45.88
Urad
38.96
38.52
Moong
35.84
31.01
Other Pulses
15.69
17.85
Pulses
139.36
133.94
1st Advance Estimates Kharif Pulses (In Million Tons)
Commodity
Season
2020-21 (1st Est)
2019-20 (4th Est)
Target 2020-21
Tur
Kharif
4.04
3.83
4.82
Urad
Kharif
2.15
1.3
2.9
Moong
Kharif
2.09
1.79
1.88
Other
Kharif
1.03
0.81
1
Total Pulses
Kharif
9.31
7.72
10.6
Burma Lemon Tur: Tur Lemon variety of Burma-origin, both old and new, extended rally by Rs 450 to Rs 6,400-6,600/100Kg, respectively in Mumbai due to fear of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains. Arrivals of new Tur crop in Karnataka is expected to begin from December, instead of November-end due to rains. Similarly, domestic variety Tur traded higher by Rs 450-500 to Rs 7,325-7,350/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing. Good trade activity in Tur dal was witnessed from Wholesale/retail counters aiding tur prices. India 2020-21 Kharif Tur Sowing was Up 5.69 %, as on September 25, at 48.49 Lakh Ha Vs 45.88 Last Year. Myanmar announced a stay-at-home order from 21st September onwards till 7th October, 2020 after daily increase in new cases of Covid-19, traders said. But, it will not affect loading/unloading cargo at port. However, clearance will be slow. Meanwhile unconfirmed news has been making rounds in the market, that government will allocate quota to millers/refineries soon amid shortage of Tur. If the government allocates quota, prices in Burma market will move higher. In that case, import parity would also be higher. Tur stock was reported to be around 1 Lakh tons approximately. There is lesser availability of tur in the world markets, as international farmers have shifted away from tur to other crops after an increase in India's domestic tur production FCI will commence the auction of old procured Tur 2018-19 around 10,197 MT in Karnataka from Monday through NeML. As per market view, some profit booking is likely to witness at higher rates due to 1.5-2 Lakh tons of tur supplies are expected from Mozambique. Tur prices will be under check, if government allocates quota to millers as supply likely from Burma and African countries. However, it is expected that till the new crop comes, the inventory will remain tight as the excess inventory of the past 3-4 years held by trade and government has dried up.
Tur ( Prices In Rs /100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
Lemon
6400-6600
5950-6150
5700-5900
4900
Akola
Desi Bilty
7300-7325
6825-6850
6425-6450
5725-5750
Gulbarga
Desi
7000-7300
6600-6900
6100-6350
5500-5600
Tur Dal ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Akola
Phatka
9800-10000
9100-9300
8600-8800
7800-8000
Gulbarga
Phatka
9800-10200
9200-9600
8600-9000
7700-7800
Katni
Phatka
9900-10000
9200-9300
8800-8900
8100-8200
Burma Urad: Price of Burma Urad FAQ new variety gained for third straight week by Rs 700 to Rs 7,500/100Kg, in Mumbai. Similarly in Chennai, Burma Urad FAQ/SQ varieties also moved up to Rs 900-1000 at Rs 7,625-7,650/100Kg and Rs 8,825-8,850 respectively, due to rains in producing areas, better mill buying activity against limited ready stock and no supply pressure from overseas. Moreover, around 50% damage to the standing crop on account of continuous rains has affected yield and quality of Urad. Additionally Urad prices were supported by fresh hike in the MSP by the government, despite report of higher kharif output in the country this year and record production estimates. Meanwhile, good offtake was witnessed in processed Urad. However, cautious trade was reported in Urad at higher rates as news is making rounds in market, that government will allocate quota to millers/refineries soon due to shortage of Urad. If the government allocates quota or gives further extension, prices in Burma market will move higher and import parity would also be higher, in that case. Urad stock in Burma was reported to be around 2.5-3 Lakh tons approximately. Moreover, FCI will commence the auction of 3585 MT of old procured Urad stock in Maharashtra and 451 MT in Andhra Pradesh from Monday through NeML. India 2020-21 Kharif Urad Sowing is up 1.14 %, as On September 25, At 38.96 Lakh Ha Vs 38.52 Last Year.
Urad ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai FAQ
FAQ
7500
6800-6850
6650
5000
Chennai
FAQ
7625-7650
6700
6600
5300
Chennai
SQ
8825-8850
7700-7800
7750
6500
Jalgaon
Desi
NA
NA
6400-6750
5000-5800
Urad Dal ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
10000-10400
8400-9150
8150-8950
6100-6300
Chana Kantewala (Indore): Chana prices moved higher by Rs 300 to Rs 5,350-5,400/100Kg in Indore following firm cues from futures. Millers were facing difficulty in procuring good quality supplies for crushingamid declining stocks with NAFED. Meanwhile, good demand in chana dal and besan from consumption centres continues to support the pulse price. Cabinet Approved MSP hike of Rs 225, for Rabi chana, at Rs 5,100/100Kg for MY 2021-22. Meanwhile, NAFED has been active at liquidating stocks at higher rate and rejected bids of lower rates. Chana, currently, appears to be in speculators’ grip that is pushing up chana prices on the futures, in apprehension of declining government stock. Similarly in Mumbai, Tanzania-origin Chana traded higher by Rs 350-400 at Rs 5,350-5,400/100Kg. Sudan and Russia-origin Kabuli Chickpea was also up Rs 250-300 at Rs 5,450-5,500 and Rs 5,400-5,450, respectively. Supplies of Russia-origin Kabuli Chickpea are expected from mid-October. However, crop is reported to be lower by 30-40%. As per market talk, Chana prices are likely be underpinned as consumption may continue amid festive season. Negligible overseas supplies of White Pea will likely support Chana prices further. However supply of Kabuli Chickpea has been witnessed, but parity is higher. Demand of seeds for sowing is expected to rise as rabi sowing begins from October.
Chana ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
Australia
NA
NA
NA
4300
Tanzania
5350-5400
5000
5050-5075
NA
Burma
NA
NA
NA
4200
Indore
Katewala
5350-5400
5075-5100
5050
4300-4325
Delhi
Rajasthan origin
5450-5475
5150
5275
4450
Akola
5525-5550
5100-5125
5200-5225
4500-4525
Bikaner
5250
5000
5050
4250
Chana Dal ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Akola
6300-6900
6100-6500
5800-6200
5200-5800
Indore
6200-6500
6100-6400
6000-6200
NA
Jaipur
6300-6325
6050-6075
6175-6200
5350
Chana Besan ( Prices In Rs / 50Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
3750
3550
3500
2990
Kabuli Chana ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Indore
40-42
NA
NA
NA
5750
42-44
7650
7500
7600
5550
44-46
7500
7300
7400
5350
Dollar
6800-7100
6500-7200
6500-7000
5000-5300
Mumbai
Sudan
5450-5500
5200-5250
5300
4300
Ethiopia
NA
NA
NA
4200
Russia
5400-5450
5150
5150
4225
Burma
NA
NA
NA
4375
Imported Masoor (Mumbai): Canada crimson variety and Australia-origin Masoor in Mumbai gained Rs 100 at Rs 5,350-5,450/100Kg and Rs 5,525, respectively in Mumbai, amid mill buying on immediate requirement for crushing, following firm trend in other pulses. However, availability of imported raw and processed Masoor stock at cheaper rates, limited offtake in processed Masoor and reduced import duty by 20 per cent will limit the gains. Similarly, Canada crimson variety Masoor at Hazira and Mundra port also moved up Rs 75-100 each, at Rs 5,351/100Kg and Rs 5,331-5,341, respectively. Cabinet Approves MSP hike, for Rabi Masoor, of Rs 300 to Rs 5,100/100Kg for MY 2021-22. As per market talk, Masoor prices are likely to get some support at prevailing rates due to cheaper rates compare to other pulses. Demand of seeds for sowing is also expected as rabi sowing will be began from October.
Masoor ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
Canada
5350-5450
5261-5350
5350-5450
3925-4050
Australia
5525
5400-5425
5550
4150
Mundra
Canada
5331-5341
5241-5251
5351
NA
Hajira
Canada
5351
5241-5251
5351
NA
Kolkata
Canada
5375-5450
5300-5350
5400-5450
4100-4200
Australia
5550-5750
5500-5700
5600-5800
4300
Indore
Desi
5600-5650
5500-5550
5600-5650
4150
Raipur
Desi
NA
NA
5600-5650
4300-4325
Kanpur
Desi
6000
5850
5925
4400
Masoor Dal ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Khopoli
6400
6350
6400
5100-5200
Katni
NA
NA
NA
4900
Imported White Pea (Mumbai): White Pea prices gained Rs 100 to Rs 6,450/100Kg at Kanpur market on fresh demand from local and outstation markets, for graded quality White Pea. Similarly, price of White pea besan and dal traded firm due to shortage. Having said so, crushing of White Pea for making dal, besan by mills were less interesting due to unavailability of White Pea. Major Mills have halted the crushing activity in White Pea. Customs department has not released the imported pulse, as the release will be contradicting the government’s existing policy.
White Pea ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
Canada
NA
NA
NA
5051
Kolkata
Canada
NA
NA
NA
5100
Kanpur
6450
6350
6500
5400
White Pea besan ( Prices In Rs / 50Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
3750
3700
3650
3200
White Pea Dal ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Mumbai
7000
7000
6700
5800
Moong (Jaipur): Moong old prices rose sharply at Rs 7,700-7,800/100Kg in Jaipur market of Rajasthan, as per quality, amidmill buying on immediate requirement for crushing. New Kharif Moong also moved higher, as per quality at many producing centers, such as Maharashtra, Karnataka, Telangana, Gujarat and Rajasthan due to mill buying. Yield and quality of new Moong was affected due to rain. Moisture content was noted to be higher in new Moong arrivals. Moong prices are supported due to damage to the standing crop because of continuous rains, fresh hike in the MSP by the government. Moong has totally ignored the reports of higher kharif output in the country this year and record production estimates. Around 35-37% of new Moong is suspected to be damaged in belts of Rajasthan, such as Nagaur, Pali, Jalore, Jodhpur, Sikar and Barmer, due to yellow Mozaic disease. Earlier crop was attacked by locusts. Buyers are interested in good quality supplies, for immediate processing requirement. Millers were facing difficulty in getting good quality Moong for crushing and polishing due to arrival of pest-damaged quality of new Moong. India’s 2020-21 Kharif moong sowing is up 15.58 %, as on September 25, at 35.84 Lakh Ha. Robust summer crop of Moong was reported this year in Madhya Pradesh and Moong supply will most likely continue till next year. Meanwhile, government agencies are yet to procure at MSP prices. Farmers continue to be in possession of the stock. Arrivals and supplies stocked in godowns meanwhile are enough to offset current requirements.
Moong ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Jaipur
Kharif
7700-7800
6500-6600
6500-6600
5900-6200
Harda
Summer
NA
4200-7525
NA
5400-5850
Moong Dal ( Prices In Rs / 100Kg )
Market
Variety
26-Sep-20
19-Sep-20
12-Sep-20
26-Sep-19
Jaipur
8400-8500
7200-7300
7200-7300
7300
Gulbarga
8800-9000
8500-8700
8400-8500
7800
Akola
NA
NA
NA
7300-7800
(By Commodities control Bureau; +91 9820130172)
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