MUMBAI (Commodities control) – Tur, Chana and Masoor declined for the week ended 24th October, due to dull mill buying as demand and sale counter in processed pulses reported sluggish activity. On the other hand, Moong and White Pea prices ruled firm on some trade activity, While Urad traded mixed amid thin trade volume.
Weekly Highlights
# North-East Monsoon May Set in After October 28--IMD.
# A delegation of All India Dal Mill Association on Wednesday met Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar seeking to increase import duration of tur imports in the country till January 31 next year.
# Govt. to Intervene to Address Container Shortage, High Freight Rates; FIEO Discusses Matter With Comm Min.
# Bombay HC Orders DGFT to Release 38,500 MTs of Peas from Port After Penalty. Meanwhile DGFT isn’t quite ready to back-off yet. It is believed that DGFT might challenge Bombay High Court’s order at the Supreme Court.
# FSSAI to Launch Food Safety Compliance Online Platform from November 1.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin new slipped for second straight week by Rs 200/100kg to Rs 6,900/100Kg, in Mumbai, on dull mill buying as demand and sale counter in processed Tur was witnessed sluggish despite lesser availability of ready stock.
Meanwhile, regular supply from Mozambique and Sudan Tur was reported
In forward trade, commodity traded weak to Rs 6,500 for November delivery.
Similarly, domestic variety Tur traded lower by Rs 400 to Rs 7,400-7,450/100Kg at benchmark market Akola.
Sentiments were pressurised as total supplies of around 1 Lakh tonnes, from Burma (40,000-50,000 tonnes) and Africa (60,000-70,000 tonnes), are expected to hit Indian ports by 15th November.
Moreover, Nafed has commenced the sale of Tur Kharif- 2019 procured stock in many states and also selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS. However, market sources reveal that Nafed rejected all bids.
As per Burma-based local trader, availability of one more direct vessel was reported for India. Tur buying is likely to be seen soon again. Six direct vessels (2 break bulks & 4 container vessels) for India carrying Tur are likely to set sail on 30th October to 7th November.
Meanwhile, Tur prices remained flat as Indian buyers were side-lined at higher rates due to hike in container freight.
Earlier single container freight was around $380-$400 which was steeply hiked to $1100, as deadline of container to load till 9th November is fast approaching. So, cargo can reach India till 15th November.
Overall tur prices are likely to get support at lower rates, as arrival of new domestic crop are still two months away. Reports of crop damage and delay in arrivals in Karnataka and Maharashtra, amid rains, underpin the pulses.
Tur ( Prices In Rs /100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
Lemon
|
6900
|
7100
|
7600-7800
|
4900
|
Akola
|
Desi Bilty
|
7400-7450
|
7800-7850
|
8325-8350
|
5700-5750
|
Gulbarga
|
Desi
|
NA
|
NA
|
8500-8700
|
5400-5500
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Akola
|
Phatka
|
10500-10600
|
10500-10700
|
11400-11500
|
7800-8000
|
Gulbarga
|
Phatka
|
NA
|
NA
|
11200-11600
|
7800
|
Katni
|
Phatka
|
10400-10500
|
10600-10700
|
11600-11700
|
8250-8350
|
Burma Urad:
Price of Burma Urad FAQ new variety traded unchanged at Rs 7,800/100Kg, in Mumbai, due to limited millers' trade and ongoing domestic arrivals.
On other hand in Chennai, Burma Urad SQ variety fell Rs 100 at Rs 8,900/100Kg due to slack trade at higher rates and dull offtake in processed Urad. However, FAQ variety moved Rs 50 higher to Rs 7,900/100Kg on selective mill buying on immediate requirement for crushing.
Sentiments are still under pressure as Government has taken several steps in cooling off rising prices by giving import quota, liquidating old procured stock and releasing buffer stock at subsidized rate to the states for retail sale.
As per the notification, each eligible and verified importer shall be allowed to import 97 MTs approximately.
However, arrivals of superior quality Urad are less as compared to average/damaged quality.
As per Burma based local trader, Urad FAQ/SQ varieties remained weak as sellers were active. Meanwhile, no buyers from India were active in Urad.
As per market view, prices are likely to get support due to no overseas supply pressure, damage to yield and quality of domestic Urad along with limited carry over stock with government/private traders.
Urad ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai FAQ
|
FAQ
|
7800
|
7800
|
8200
|
6350
|
Chennai
|
FAQ
|
7900
|
7850
|
8300-8350
|
6650
|
Chennai
|
SQ
|
8900
|
9000-9050
|
9500-9550
|
7150-7200
|
Jalgaon
|
Desi
|
NA
|
NA
|
7450-8000
|
6250-6500
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
|
10300-10800
|
10300-10800
|
10400-11000
|
8000-8500
|
Chana Kantewala (Indore):
Chana prices traded lower for second straight week by Rs 150 to Rs 5,200/100Kg in Indore, amid thin mill buying, supply of Chana/Kabuli Chickpea from overseas and negative chana futures.
Demand for Chana dal and besan was weak; discouraging for millers even with Diwali season lying ahead. Small traders with stocks in hand, expecting increased consumption during festive period are selling aggressively at discount to cut their positions in order to book profit and exit. NAFED Chana resellers were active in spot markets.
However, NAFED has suspended all Chana sell auctions till further notice.
In Mumbai, Tanzania-origin Chana ruled weak by Rs 50 at Rs 5,200/100Kg, due to supplies from its origin.
Similarly, Sudan and Russia-origin Kabuli Chickpea fell Rs 150, each, at Rs 5,400 and Rs 5,300, respectively.
As per market talk, Chana prices are likely to be underpinned at lower rates due to demand hopes of increased consumption amid festive season. Negligible overseas supplies of White Pea will likely support Chana prices further.
Chana ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4325
|
|
Tanzania
|
5200
|
5250
|
5400
|
4350
|
|
Burma
|
NA
|
NA
|
NA
|
4275
|
Indore
|
Katewala
|
5200
|
5325-5350
|
5500-5525
|
4375-4400
|
Delhi
|
Rajasthan origin
|
5250
|
5425
|
5625
|
4575
|
Akola
|
|
5250-5300
|
5500-5525
|
5525-5550
|
4600-4625
|
Bikaner
|
|
5100
|
5250-5275
|
5400
|
4400
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Akola
|
|
6000-7000
|
6500-7200
|
6500-7200
|
5100-5700
|
Indore
|
|
6400-6800
|
6500-7000
|
6500-7000
|
NA
|
Jaipur
|
|
6200-6225
|
6350
|
6500
|
5400-5450
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
|
3750
|
3850
|
3850
|
3130
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
6100
|
|
42-44
|
7050
|
NA
|
7550
|
5900
|
|
44-46
|
6900
|
NA
|
7400
|
5800
|
|
Dollar
|
6200-6700
|
NA
|
6800-7200
|
5000-5700
|
Mumbai
|
Sudan
|
5400
|
5550
|
5600
|
4325
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4250
|
|
Russia
|
5300
|
5450
|
5500
|
4250
|
|
Burma
|
NA
|
NA
|
NA
|
4400
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia-origin Masoor in Mumbai extended fall by Rs 25-50 at Rs 5,200-5,275/100Kg and Rs 5,350-5,375, respectively in Mumbai, amid dull mill buying.
Availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and reduced import duty has dampened the sentiments.
Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 30-50 each, at Rs 5,200/100Kg and Rs 5,161, respectively.
As per market talk, Masoor prices are likely to get some support due to cheaper rates compared to other pulses and also hike in MSP to Rs 5,100/100Kg. Government policy on import duty after 30th October may give direction to Masoor prices.
Demand of seeds is also expected, as rabi sowing will begin soon.
As per market sources, Vessel M. V. Nord Bering carrying Masoor from Canada had sailed on 23rd September and is likely to reach Singapore on 21st October. Although it is unlikely to reach Mundra port by 31st October.
Vessel M.V. Equinox Agnandoussa carrying Masoor from Canada set sail on 28th September and likely to reach Singapore on 22nd October.
Masoor ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
Canada
|
5200-5275
|
5231-5300
|
5281-5325
|
4200-4300
|
|
Australia
|
5350-5375
|
5400-5425
|
5400-5425
|
4350
|
Mundra
|
Canada
|
5161
|
5231
|
5271
|
NA
|
Hajira
|
Canada
|
5200
|
5231
|
5270
|
NA
|
Kolkata
|
Canada
|
5250-5350
|
5300-5375
|
5350-5400
|
4500-4550
|
|
Australia
|
5450-5600
|
5450-5600
|
5550-5650
|
4600-4625
|
Indore
|
Desi
|
5500
|
5500-5550
|
5600-5650
|
4250-4300
|
Raipur
|
Desi
|
5450-5500
|
5700-5750
|
NA
|
4450-4475
|
Kanpur
|
Desi
|
5800
|
5825
|
5925
|
4500
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Khopoli
|
|
6400
|
6400
|
6400
|
5200-5250
|
Katni
|
|
NA
|
NA
|
NA
|
5000-5025
|
Imported White Pea (Mumbai):
White Pea prices gained Rs 50 to Rs 6,200/100Kg at Kanpur market on fresh demand from local and outstation markets, for graded quality White Pea.
On the other hand, price of White pea, besan and dal traded weak by Rs 50-100/100Kg amid thin buying despite 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 their crushing activity in White Pea.
Bombay HC Orders DGFT to Release 38,500 MTs of Peas from Port after Penalty. Meanwhile DGFT isn’t quite ready to back-off yet. It is believed that DGFT might challenge Bombay High Court’s order at the Supreme Court.
White Pea ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
Canada
|
NA
|
NA
|
NA
|
4881
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
5150
|
Kanpur
|
|
6200
|
6150
|
6400
|
5275
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
|
3900
|
3950
|
3950
|
NA
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Mumbai
|
|
7100
|
7200
|
7200
|
5800
|
Moong (Jaipur):
Moong prices rose by Rs 300 at Rs 7,700-7,800/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.
Moreover, demand and sale counter in processed Moong also improved at lower rates.
Buyers are interested in good quality supplies and no arrivals pressure of new crop has been witnessed yet. Having said so, yield and quality of new Moong was affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan.
Meanwhile, Government procurement of new Kharif Moong, at MSP, is snail-paced.
Farmers continue to be in possession of the stock and eagerly await government agencies procurement to commence. Arrivals and supplies are stocked in godowns are enough to offset current requirements, meanwhile.
As per market talk, Moong prices depend on government procurement quantity at MSP.
Moong ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Jaipur
|
Kharif
|
7700-7800
|
7400-7600
|
7800-7900
|
6200-6600
|
Harda
|
Summer
|
NA
|
NA
|
NA
|
6000-6400
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
24-Oct-20
|
17-Oct-20
|
10-Oct-20
|
24-Oct-19
|
Jaipur
|
|
8600-8700
|
8200-8300
|
8600-8700
|
7800-7900
|
Gulbarga
|
|
NA
|
NA
|
9100-9200
|
8300-8400
|
Akola
|
|
NA
|
NA
|
NA
|
7300-7800
|
Nafed Procured Moong As On 19 Oct, 2020
|
State
|
MT
|
Tamil Nadu
|
46.35
|
Haryana
|
613.68
|
Maharashtra
|
145.63
|
Total
|
805.66
|
(By Commodities control Bureau; +91 9820130172)
|