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Weekly: Most Pulses Extend Weakness, Barring White Pea

30 Nov 2020 10:59 am
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MUMBAI (Commodities control) – Masoor, Chana, Kabuli Chana and Moong remained weak for the week ended 28th November amid thin mill buying activity. Only White Pea prices were headed higher on better buying, while Tur and Urad traded mixed amid thin trade volume.

Weekly Highlights

# India's Rabi pulses sowing were up by 13.27% as on November 27 to 99.45 lakh hectare vs 87.8 lakh hectares during the same period last year.
# Chief Minister Shivraj Singh Chouhan has reduced Mandi tax in Madhya Pradesh from Rs 1.50 to paisa 50 on each quintal for three months.
# Heavy Rains Delayed Sowing in Telangana; Paddy Cultivation Yet to Start, Coarse Grains Acreage Lagging by 88%.
# According to a notification released by Uttar Pradesh Government for the state, mandi tax has been reduced to 1 percent from the existing 2 percent and is applicable from 27th November. With 0.5 per cent development fee remaining, the farmers and related traders will now pay a total of 1.5 per cent mandi tax instead of the 2.5 percent earlier for trading inside the mandi premises, the official said.


Rabi Chana Sowing Up 14.15 % As On Nov 25 Vs Same Period Last Yr (LAKH HA)

State

Area Sown In Lakh Hectare 2020-2021

Area Sown In Lakh Hectare 2019-2020

Rajasthan

17.75

16.88

Madhya Pradesh

20.42

19.37

Karnataka

8.6

9.07

Uttar Pradesh

5.38

5.09

Maharashtra

8.39

3.61

Andhra Pradesh

2.37

3.09

Gujarat

3.57

0.8

Total

69.36

60.76

Rabi Masoor Sowing Up 11.25 % As On Nov 25 Vs Same Period Last Yr (LAKH HA)

Madhya Pradesh

4.27

3.59

Uttar Pradesh

5.24

4.64

Total

11.47

10.31

Rabi Field Pea Sowing Up 22.22 % As On Nov 25 Vs Same Period Last Yr (LAKH HA)

Madhya Pradesh

2.17

1.74

Uttar Pradesh

4.62

3.81

Total

7.7

6.3

Rabi Urad Sowing Down 0.38 % As On Nov 25 Vs Same Period Last Yr (LAKH HA)

Andhra Pradesh

0.52

0.43

Tamil Nadu

1.4

1.63

Odisha

0.4

0.35

Total

2.6

2.61

Rabi Moong Sowing Down 19.23 % As On Nov 25 Vs Same Period Last Yr (LAKH HA)

Tamil Nadu

0.23

0.37

Odisha

0.31

0.24

Total

0.63

0.78

Burma Lemon Tur:

Tur Lemon variety of Burma-origin slipped by Rs 100to Rs 5,800/100Kg, in Mumbai.

On other hand
, domestic variety Tur traded higher by Rs 100 to Rs 6,500-6,550/100Kg at benchmark market Akola.

Cheaper overseas supplies, Government agencies actively liquidating stocks and upcoming arrivals of new domestic crop mid-December onwards has pressurised sentiments.

Government agency is selling old raw tur to the mills for processing, packaging and supply of processed Tur under PDS.

Arrivals of new Tur witnessed at few markets of Maharashtra (Solapur, Khamgaon and Dudhani) and Karnataka (Shahabad).

However, a
rrivals of new Tur are likely to improve from from mid-December.

Harvesting of Tur was delayed due to cloudy weather, and rainfall was reported in some areas of Maharashtra and Karnataka from last couple of days.


Tur ( Prices In Rs /100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

Lemon

5800

5900

6150

4775-5000

Akola

Desi Bilty

6500-6550

6400-6450

6650-6700

5500-5525

Gulbarga

Desi

6000-6300

6400-6500

Closed

5400-5500

Tur Dal ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Akola

Phatka

9300-9400

9200-9400

9500-9700

8000-8100

Gulbarga

Phatka

8800-9200

9000-9400

Closed

8000

Katni

Phatka

9250-9350

9200-9300

9500-9600

7850-8050




Dated

Vessel Name

Origin

Commodity

Quantity In MT

Status

Discharged

Balance

13-Nov-20

DS Manatee

Tanzania

Tur

16434

12A ID

Completed

Nil

23-Nov-20

Evolution

Tanzania

Tur

14816

12 ID

4774

10042


Burma Urad:

Price of Burma Urad FAQ new variety extended fall of Rs 1
00 at Rs 7,300/100Kg, in Mumbai, due to slack millers' tradeand thin offtake in processed Urad despite less imported stockand supply pressure in near future due to shortage of containers.

On other hand, Burma Urad FAQ/SQ varieties in Chennai traded higher by Rs 150-250 at Rs 7,550/100Kg and Rs 8,550, respectively due to crop damage report in districts of Andhra Pradesh due to rains triggered by cyclonic storm Nivar at the time of harvesting.

Arrivals of new Urad are likely to begin within a fortnight at Kurnool district (Rayalaseema, Nandyal, Allagadda and Nandikotkur) and Nellore district (Kavali) of Andhra Pradesh.

Krishnur district arrivals of new Urad will begin from February end 2021.


Urad ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai FAQ

FAQ

7300

7400

7550

6725

Chennai

FAQ

7550

7400

7750

7000-7050

Chennai

SQ

8550

8300

8750

7650

Jalgaon

Desi

7300-7500

7350-7800

Closed

7050-7400

Urad Dal ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

9500-10000

9700-10300

9800-10500

9500-9900



Chana Kantewala (Indore):

Chana prices
widened losses by Rs 175 at Rs 4,975-5,000/100Kg in Indore, following weak cues from futures amid thin mill buying as demand in Chana dal and besan was muted.

Resellers were active at liquidating Nafed procured Chana stock of Crop 2019 & 2020.

Moreover, FCI approved Bid at Rs 4,905/100Kg inMaharashtra.

However, nafed fixed Base price for selling Chana. No bids will be accepted below fixed base price of Jaipur-Mumbai (5400/100Kg), Indore-Lucknow (Rs 5300), Bangalore (5600), Hyderabad (5500) and Chandigarh (5350).


Now that the spread between spot market price and base rate for tender has widened, the possibility of any bids can be ruled out in near term.

Tanzania-origin Chana, in Mumbai, was priced
lower Rs 200 at Rs 4,850-4,900/100Kg.

Similarly, Sudan and Russia-origin Kabuli Chickpea was also
down, each, Rs 175-200 at Rs 5,000-5,025 and Rs 4,950-4,975 respectively.

Dollar variety Chana fell by Rs 200-300 to Rs 6,000-6,500/100Kg.

Extension of supply of free food grains to migrants and poor under PM-GKAY scheme from November is likely to support prices.


Chana ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

Australia

NA

NA

NA

4250

Tanzania

4850-4900

5050-5075

5075

4150

Burma

NA

NA

NA

4150

Indore

Katewala

4975-5000

5150-5175

5250-5275

4275-4300

Delhi

Rajasthan origin

5100-5125

5225

5300-5325

4400-4425

Akola

4950-5000

5150-5175

5275-5300

4300-4325

Bikaner

4925

5050

5100

4230

Chana Dal ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Akola

6000-6400

6100-6500

6200-6700

5000-5600

Indore

6200-6600

6200-6700

6300-6800

NA

Jaipur

5950-5975

6075

6175-6200

5300-5400

Chana Besan ( Prices In Rs / 50Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

3650

3700

3775

3150

Kabuli Chana ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Indore

40-42

NA

NA

NA

6400

42-44

6650

6950

Closed

6200

44-46

6500

6800

Closed

6050

Dollar

6000-6500

6200-6800

Closed

5000-6000

Mumbai

Sudan

5000-5025

5225-5250

5251

4200

Ethiopia

NA

NA

NA

4100

Russia

4950-4975

5125-5150

5150

4100

Burma

NA

NA

NA

4250



Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor in Mumbai
fell by Rs 75-100 at Rs 4,951-5,000/100Kg and Rs 5,100, respectively in Mumbai.

Similarly, Canada crimson variety Masoor at Hazira port also
declined Rs 75 at Rs 4,951/100kg, while at Mundra it was priced at Rs 5,000/100Kg and in Kandla at Rs 4,925-4,931.

Availability of imported raw and processed Masoor stocks, thin offtake in processed Masoor pressurised the sentiments.

Sowing is progressing well due to favourable weather conditions.

Market Sources Reveal That balance stock of Masoor at Mundra Port is approximately 1,11,971.060 MT.

As per Kolkata based trader, one vessel carrying around 30,000-32,000 MT Masoor from Canada is expected to arrive in December month at Kolkata port.

In forward business, Canada crimson variety Masoor new is being offered at $590-$600 per ton on CNF basis and Australia Masoor at $560 per ton.


Masoor ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

Canada

4951-5000

5025-5125

5100-5175

4275-4350

Australia

5100

5200-5225

5275

4400

Mundra

Canada

5000

5000

5100

NA

Hajira

Canada

4951

5025

5100

NA

Kandla

Canada

4925-4931

NA

Kolkata

Canada

5050-5200

5150-5300

5250-5350

4600

Australia

5300-5400

5400-5550

5400-5600

4625

Indore

Desi

5150-5200

5200-5250

5200-5250

4325-4350

Raipur

Desi

5200-5250

5200-5250

5300

4500

Kanpur

Desi

5675

5725

5725

4575

Masoor Dal ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Khopoli

6250

6300

6350

5200-5250

Katni

NA

NA

NA

4950-4975



Imported White Pea (Mumbai):

White Pea prices gained for the f
ifth straight week by Rs 50 to Rs 7,150/100Kg at Kanpur market on demand from local and outstation markets, for graded quality White Pea.

On other hand, Canada origin White Pea traded unchanged at Rs 6,651/100Kg in Mumbai, as per quality.

Price of White pea, besan and dal remained flat at Rs 3,800/100Kg and Rs 6,800, respectively amid thin buying despite shortage.

Moreover, crushing of White Pea for making dal and besan by mills was less interesting, due to unavailability of White Pea. Major Mills have halted their crushing activity in White Pea.


White Pea ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

Canada

6651

6650

6501

4601-4611

Kolkata

Canada

7000

7000

6850

4875

Kanpur

7150

7100

6750

4800

White Pea besan ( Prices In Rs / 50Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

3800

3800

3850

3051

White Pea Dal ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Mumbai

6800

6800

7000

5250



Moong (Jaipur):

Moong prices declined
for second straight week by Rs 100 to Rs 7,500-7,600/100Kg at Jaipur market of Rajasthan, as per quality, amid thin mill buying and ongoing arrivals.

Moreover, demand and sale counters in processed Moong reported slow participation.

Millers were processing average quality moong for government dal tender for PDS distribution. Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

The Directorate General of Foreign trade (DGFT) has allotted quota for import of 1.5 Lakh MTs of moong for the fiscal year 2020-21, until 31st March 2021.

Nafed
active to liquidate procured Moong at selected states.


Moong ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Jaipur

Kharif

7500-7600

7600-7700

7800-7900

6400-6600

Harda

Summer

Closed

5300-8050

Closed

6200-6800

Moong Dal ( Prices In Rs / 100Kg )

Market

Variety

28-Nov-20

21-Nov-20

13-Nov-20

28-Nov-19

Jaipur

8100-8200

8200-8300

8400-8500

8500-8600

Gulbarga

9000-9100

8900-9000

Closed

8700

Akola

NA

NA

NA

7500-8000




Nafed Procured Moong As On 25 Nov, 2020

State

MT

Tamil Nadu

46.35

Haryana

1099.65

Maharashtra

449.11

Rajasthan

3788.49

Total

5383.6



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