MUMBAI (Commodities control) – Tur and Chana extended rally for the week ended 3rd October amid improved mill buying activity, While Urad, Masoor, Kabuli, Moong and White Pea remained weak on thin activity.
Weekly Highlights
# India Receives Above Average Rains for 2nd Year in a Row--IMD.
# Farmers’ Empowerment is Government’s priority – Piyush Goyal
# The proposal from the States, approval has been accorded for procurement of 14.09 LMT of Pulse and Oilseeds for Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana and Haryana.
# Upto 29.09.2020, the Government through its Nodal Agencies has procured 46.35 MT of Moong having MSP value of Rs.33 lakhs benefitting 48 farmers in Tamil Nadu.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin, both old and new, continued to trade higher by Rs 400 to Rs 6,800-7,000/100Kg, in Mumbai, due to weak availability of imported-domestic Tur and reports of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.
Moreover, improved trade activity in processed Tur supported prices as vegetables are costlier.
Higher bids were reported in FCI tender at Karnataka, to purchase old procured Tur.
Government’s holding 5.48 LMT as on 15th July 2020. Government is likely to transfer around 2 LMT Tur procured under PSS (Kharif 2019-20) to PSF.
Similarly, domestic variety Tur traded higher by Rs 500-525 to Rs 7,800-7,850/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing.
As per market view, some profit booking is likely to be witnessed at higher rates amid expectations of arrivals of 1.5-2 Lakh tons of tur supplies from Mozambique.
Overall tur prices are likely to rally further as arrivals of new domestic crop are still three months away. Moreover, import parity will also be higher, if government gives import quota to millers. Reports of crop damage in Karnataka and Maharashtra, amid rains, underpins the pulses.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
Lemon
|
6800-7000
|
6400-6600
|
5950-6150
|
4800
|
|
Akola
|
Desi Bilty
|
7800-7850
|
7300-7325
|
6825-6850
|
5600-5625
|
|
Gulbarga
|
Desi
|
NA
|
7000-7300
|
6600-6900
|
5400-5500
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Akola
|
Phatka
|
10400-10600
|
9800-10000
|
9100-9300
|
7700-7900
|
|
Gulbarga
|
Phatka
|
NA
|
9800-10200
|
9200-9600
|
7600-7700
|
|
Katni
|
Phatka
|
10500-10600
|
9900-10000
|
9200-9300
|
8050-8150
|
Burma Urad:
Price of Burma Urad FAQ new variety dulled by Rs 50 to Rs 7,450/100Kg, in Mumbai.
Similarly in Chennai, Burma Urad FAQ-SQ varieties declined to Rs 100-200 at Rs 7,500/100Kg and Rs 8,600 respectively.
Sentiments was pressurised after DGFT notifies quota for import of 1.5 Lakh tonnes of urad for the period up to 31st march 2021.
The quota of 1.5 Lakh MT of urad shall be distributed equally or for the quantity applied, whichever is lower, among the eligible and verified applicants, who were allotted quota for import of urad in June 2020.
But, Urad prices rise in Burma and no sellers are active yet. Import parity would also be higher. Urad stock in Burma was reported to be around 2.5-3 Lakh tonnes.
As per a Burma-based trader, around 50,000 tonnes of Urad has already been traded by India buyers earlier in the range of Urad FAQ at $750/ton and SQ variety at $850/ton.
Meanwhile, no overseas supply pressure was reported. Chennai traders were still busy in settling forward trade against September month delivery as sellers have to give delivery.
No arrivals pressure of new crop has been witnessed yet. Stockiest were active in purchasing good quality Urad.
Government is holding 2.19 LMT as on 15th July 2020. Also, government agencies have commenced liquidating old procured stock.
As per market view, prices are likely to get support at lower rates due to no overseas supply pressure, damage to yield and quality of domestic Urad, limited carry over stock with government/private traders, fresh hike in MSP by the government despite report of higher kharif output in the country this year and record production estimates.
|
Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai FAQ
|
FAQ
|
7450
|
7500
|
6800-6850
|
5200-5250
|
|
Chennai
|
FAQ
|
7500
|
7625-7650
|
6700
|
5650
|
|
Chennai
|
SQ
|
8600
|
8825-8850
|
7700-7800
|
6600
|
|
Jalgaon
|
Desi
|
7150-7400
|
NA
|
NA
|
5500-6000
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
|
10000-10400
|
10000-10400
|
8400-9150
|
6600-6800
|
Chana Kantewala (Indore):
Chana prices moved higher by Rs 50 to Rs 5,400-5,450/100Kg in Indore as millers were facing difficulty in procuring good quality supplies for crushing amid declining stocks with NAFED.
However, the rumour of duty reduction on imported chana has kept the buyers away from making aggressive purchases. Duty is not applicable on Imports from Sudan and Tanzania, while, it is applicable from Russia and Australia-origin.
Meanwhile, good demand in chana dal and besan from consumption centres continue to support the pulse price.
Also, NAFED has been active at liquidating stocks at higher rate and rejected bids of lower rates.
Government is holding 22.52 LMT in PSS stock and 1.30 LMT available in PSF stock as on 15th July 2020.
In Mumbai, Tanzania-origin Chana traded almost steady at Rs 5,400/100Kg due to supplies from its origin.
Sudan and Russia-origin Kabuli Chickpea was steady to firm at Rs 5,550 and Rs 5,450, respectively.
Supplies of Russia-origin Kabuli Chickpea are expected from mid-October. However, crop is reported to be 30-40% lower.
As per market talk, Chana prices are likely be underpinned due to demand hopes of increased consumption 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. As per market sources, sowing has begun in some places of Andhra Pradesh.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4225
|
|
|
Tanzania
|
5400
|
5350-5400
|
5000
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
4150
|
|
Indore
|
Katewala
|
5400-5450
|
5350-5400
|
5075-5100
|
4300-4325
|
|
Delhi
|
Rajasthan origin
|
5425-5450
|
5450-5475
|
5150
|
4400
|
|
Akola
|
|
5525-5550
|
5525-5550
|
5100-5125
|
4425-4450
|
|
Bikaner
|
|
5300
|
5250
|
5000
|
4225
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Akola
|
|
6500-7000
|
6300-6900
|
6100-6500
|
5100-5700
|
|
Indore
|
|
6500-7000
|
6200-6500
|
6100-6400
|
NA
|
|
Jaipur
|
|
6350
|
6300-6325
|
6050-6075
|
5300
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
|
3800
|
3750
|
3550
|
2990
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
5750
|
|
|
42-44
|
7500
|
7650
|
7500
|
5550
|
|
|
44-46
|
7350
|
7500
|
7300
|
5350
|
|
|
Dollar
|
NA
|
6800-7100
|
6500-7200
|
4800-5200
|
|
Mumbai
|
Sudan
|
5550
|
5450-5500
|
5200-5250
|
4200
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4150
|
|
|
Russia
|
5450
|
5400-5450
|
5150
|
4150
|
|
|
Burma
|
NA
|
NA
|
NA
|
4350
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia-origin Masoor in Mumbai declined Rs 75-100 at Rs 5,281-5,350/100Kg and Rs 5,400, respectively in Mumbai, amid slack mill buying.
Availability of imported raw and processed Masoor stock at cheaper rates, slow offtake in processed Masoor and reduced import duty has dampened the sentiments.
Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 75 each, at Rs 5,281/100Kg and Rs 5,271, respectively.
Moreover, trade activity was also thin as major markets of Madhya Pradesh were closed protesting against government to reduce mandi tax.
As per market talk, Masoor prices are likely to get some support at prevailing rates due to cheaper prices compared to other pulses, depleting imported stock and hike in MSP to Rs 5,100/100Kg.
Demand of seeds for sowing is expected to grow as rabi sowing will be begin from October.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
Canada
|
5281-5350
|
5350-5450
|
5261-5350
|
3875-4000
|
|
|
Australia
|
5400
|
5525
|
5400-5425
|
4100
|
|
Mundra
|
Canada
|
5271
|
5331-5341
|
5241-5251
|
NA
|
|
Hajira
|
Canada
|
5281
|
5351
|
5241-5251
|
NA
|
|
Kolkata
|
Canada
|
5350-5400
|
5375-5450
|
5300-5350
|
4150-4250
|
|
|
Australia
|
5550-5700
|
5550-5750
|
5500-5700
|
4300
|
|
Indore
|
Desi
|
5600-5650
|
5600-5650
|
5500-5550
|
4050-4100
|
|
Raipur
|
Desi
|
NA
|
NA
|
NA
|
4250
|
|
Kanpur
|
Desi
|
5875
|
6000
|
5850
|
4375
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Khopoli
|
|
6400
|
6400
|
6350
|
5100-5200
|
|
Katni
|
|
NA
|
NA
|
NA
|
4825
|
Imported White Pea (Mumbai):
White Pea prices slipped Rs 150 to Rs 6,350/100Kg at Kanpur market on thin trade.
On the other hand, price of White pea, besan and dal traded firm amid shortage. Moreover, crushing of White Pea for making dal and 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 pulses yet, as the release will contradict the government’s existing policy.
|
White Pea ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
Canada
|
NA
|
NA
|
NA
|
4975
|
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
5200
|
|
Kanpur
|
|
6350
|
6450
|
6350
|
5350
|
|
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
|
3900
|
3750
|
3700
|
3200
|
|
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Mumbai
|
|
7100
|
7000
|
7000
|
5800
|
Moong (Jaipur):
Moong old prices dropped Rs 200 at Rs 7,500-7,600/100Kg in Jaipur market of Rajasthan, as per quality, amid thin mill buying as demand and sale counters in processed Moong reported limited participation.
Moreover, arrivals of new kharif moong are going on in major producing centers.
On other hand, new kharif Moong traded firm as per quality.
Yield and quality of new Moong is affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan.
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 supplies.
Major markets of Madhya Pradesh were closed in protest against government to reduce mandi tax.
Haryana Government is going to Start Kharif Moong Crop Procurement in maximum quantity of 5,825 MT At MSP of Rs 7,196/100Kg From October 1, 2020.
The central government will provide processed moong from its buffer stock to state governments either in bulk quantity or in one or half kilo pack for retail sale at a subsidised rate, in the current lean period to check any possible price rise. Moong will be offered at Rs 92 per kg. The Centre has a buffer stock of over two lakh tons of moong under the PSF at present.
Government agencies have commenced liquidating old procured stock. 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 new kharif Moong at MSP prices. Farmers continue to be in possession of the stock and eagerly waiting for government to procure. Arrivals and supplies stocked in godowns meanwhile are enough to offset current requirements.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Jaipur
|
Kharif
|
7500-7600
|
7700-7800
|
6500-6600
|
5800-6200
|
|
Harda
|
Summer
|
NA
|
NA
|
4200-7525
|
5400-5920
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
03-Oct-20
|
26-Sep-20
|
19-Sep-20
|
03-Oct-19
|
|
Jaipur
|
|
8200-8300
|
8400-8500
|
7200-7300
|
7300-7400
|
|
Gulbarga
|
|
NA
|
8800-9000
|
8500-8700
|
7900
|
|
Akola
|
|
NA
|
NA
|
NA
|
7300-7800
|
(By Commodities control Bureau; +91 9820130172)
|
0 Comments 
Post Comment 
