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Weekly: Tur, White Pea Gain Most This Week; Chana Weakens

18 Jan 2021 11:13 am
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MUMBAI (Commodities control) – Tur, Urad, Masoor and White Pea moved higher for the week ended 16th January, 2021 amid improved mills’ buying. On the other hand, Chana and moong prices remained weak due to slack millers’ trade, While Kabuli Chana traded mixed on thin trade.

Weekly Highlights

# India's Rabi pulses sowing were up by 2.08% as on January 15 to 162.09 lakh hectare vs 158.79 lakh hectares during the same period last year.
# Production of Masoor in the U.S. is estimated at 7.41 million cwt, up 40% from a year ago. Planted area, at 528,000 acres, is up 9% from last year, while harvested acreage, at 514,000 acres, is up 21% from 2019. The average yield is expected to be 1,442 pounds per acre, up 192 pounds from last year.
# India's trade deficit in goods widened to $15.44 billion in December as imports rose to $42.59 billion, pushed by a surge in gold imports, while merchandise exports were up marginally. # New Changes in commodity circuit limit from April, 6 per cent limit for agri.

Rabi Chana Sowing Up 3.49 % As On Jan 13 Vs Same Period Last Yr (LAKH HA)
State Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-2020
Rajasthan 20.68 21.38
Madhya Pradesh 25.73 27.38
Karnataka 11.75 12.26
Uttar Pradesh 5.85 5.87
Maharashtra 23.31 20.38
Andhra Pradesh 3.53 4.54
Gujarat 8.04 3.75
Chhattisgarh 4.23 3.92
Total 109.14 105.46
Rabi Masoor Sowing Up 2.5 % As On Jan 13 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 5 4.82
Uttar Pradesh 6 6.03
Bihar 2.19 2.11
West Bengal 1.52 1.53
Total 16.43 16.03
Rabi Field Pea Sowing Down 2.39 % As On Jan 13 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 2.61 2.57
Uttar Pradesh 5.28 4.63
Total 10.6 10.86
Rabi Urad Sowing Up 6.47 % As On Jan 13 Vs Same Period Last Yr (LAKH HA)
Andhra Pradesh 2.82 2.59
Tamil Nadu 2.65 2.57
Odisha 1.65 1.61
Total 7.57 7.11
Rabi Moong Sowing Down 4.21 % As On Jan 13 Vs Same Period Last Yr (LAKH HA)
Tamil Nadu 0.32 0.44
Odisha 4.09 4.01
Andhra Pradesh 0.6 0.77
Total 5.23 5.46


Burma Lemon Tur:

Tur Lemon variety of Burma-origin traded higher by Rs 200 to Rs 5,800/100Kg, in Mumbai on mill buying and negligible ready stock of Burma origin Tur.

Similarly, domestic variety of Tur gained Rs 100 at Rs 6,100-6,150/100Kg at benchmark market Akola.

Arrivals of new Tur in domestic market continue to be below expectations. New Tur crop was expected to be lesser as compared to last year, due to fewer yields because of wilt attacks and weather concerns.

However, demand and sale counters in Tur dal reported limited action due to less consumption in dal due to availability of cheaper. Demand in dal is likely to improve from mid of February.

Total 2.25-2.50 Lakh tonnes of imported Tur arrived in India from various origin against 4 lakh tonnes import quota given by government. Imported Tur stock yet to be imported is reported to be around 1 Lakh tonne.

Meanwhile government is actively liquidating old procured stock in Karnataka.

Millers and traders in Vidarbha belt of Maharashtra preferred to purchase Tur from Marathwada (Maharashtra) and Karnataka for immediate requirement of crushing as arrivals of new Tur are yet to pick pace. Flow of arrivals are likely to increase after 20th January.

Government procurement is expected to begin in near future at MSP of Rs 6000/100Kg may support Tur prices.

Moreover, less stock of old procured Tur was reported with government agencies.

Tur ( Prices In Rs /100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai Lemon 5800 5600 5700 5000
Akola Desi Bilty 6100-6150 6000-6050 6050-6100 5150-5175
Gulbarga Desi 5800-6000 5700-5900 5700-5900 NA
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Akola Phatka 8600-8800 8600-8800 8600-8800 7900-8100
Gulbarga Phatka 8600-9000 8800-9200 8600-9000 NA
Katni Phatka 8600-8700 8500-8600 8500-8600 7700-7900


Burma Urad:

Prices of Burma Urad FAQ variety gained Rs 50 at Rs 7,250/100Kg, in Mumbai, due to selected millers' trade, on immediate requirement for crushing and less imported stock.

Similarly, Burma Urad FAQ-SQ variety in Chennai moved higher each by Rs 100 at Rs 7,350/100Kg and Rs 8,050-8,100, respectively.

However, demand and sale counter in processed Urad witnessed thin activity from wholesale and retail counters.

As per Burma based trader, shipments of around 20,000-25,000 MT of Urad are likely to reach India (Chennai) in January through indirect vessels. No direct vessel have been reported yet.

However, Nafed actively liquidated its procured old Kharif Urad in Madhya Pradesh.

Meanwhile, regular arrivals of Urad reported at Kurnool and Ongole Prakasam districts of Andhra Pradesh.

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

Urad ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai FAQ FAQ 7250 7200 7050-7100 7100
Chennai FAQ 7350 7250 7250 NA
Chennai SQ 8050-8100 8000 7900 NA
Jalgaon Desi 7375-7600 7350-7550 7200-7550 7200-7450
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai 9500-10300 10300-10400 9300-9800 9400-9900


Chana Kantewala (Indore):

Chana prices declined by Rs 200 at Rs 4,450-4,475/100Kg in Indore on thin mill buying activity.

Demand and sale counter in Chana dal-besan reported dull.

Regular changes in Nafed selling base prices and NCDEX future market pressurised the spot prices.

Moreover, sowing is progressing well and was 3.49% higher at 109.14 lakh Ha on Jan 13 Vs 105.46 lakh Ha in the similar period last year.

Nafed intends to sell the Chana stocks.

New chana is expected to hit spot markets soon.

We expect demand to emerge at lower levels. Key point in favour for higher buying in spot, is that majority of millers are currently at lower end of stocks due to end of season and massive fall in prices.

Tanzania-origin Chana, in Mumbai, slipped Rs 75 at Rs 4,250-4,275/100Kg.

Similarly, Russia and Sudan-origin Kabuli Chickpea prices traded lower by Rs 50-75 each, at Rs 4,375/100Kg and Rs 4,350-4,400, respectively, while dollar variety Chana ruled weak by Rs 200 at Rs 5,800-6,200/100Kg in Indore.

Maharashtra, Andhra Pradesh and Indore origin Kabuli Chickpea remained firm due to local trade activity and also due to crop damage report because of recent rain and weather concerns in Maharashtra, Madhya Pradesh.

Chana ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai Australia NA NA NA NA
Tanzania 4250-4275 4375 4300 4300
Burma NA NA NA 4050
Indore Katewala 4450-4475 4675-4700 4600 4325-4350
Delhi Rajasthan origin 4625 4775 4700 4550
Akola 4425-4450 4525-4550 4400-4425 4325-4350
Bikaner 4450 4525 4400 4325
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Akola 5500-5800 5500-5900 5500-5800 5100-5600
Indore 5500-6000 5500-6200 5500-6100 NA
Jaipur 5250 5325-5350 5150-5175 5200
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai 3450 3450 3425 3130
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Indore 40-42 NA NA NA 6700
42-44 6500 6450 6450 6500
44-46 6350 6300 6350 6300
Dollar 5800-6200 6000-6400 5800-6300 5600-6100
Mumbai Sudan 4350-4400 4450 4550 4250
Ethiopia NA NA NA 4200
Russia 4375 4450 4450 4200
Burma NA NA NA 4150


Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai gained by Rs 75 each at Rs 5,075-5,200/100Kg and Rs 5,300, respectively on selected millers trade.

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 100 at Rs 5,075-5,100/100kg, respectively, while at Kandla it was priced Rs 100 higher at Rs 5,050/100Kg.

Availability of imported stock, rise in sowing area this year and slower offtake in Masoor dal will limit the gains.

Moreover, Nafed actively liquidated its procured old Rabi Masoor in Madhya Pradesh.

Sowing is also progressing well and was 2.5% higher at 16.43 lakh Ha on Jan 15 Vs 16.03 lakh Ha in the similar period last year.

Production of Masoor in the U.S. is estimated at 7.41 million cwt, up 40% from a year ago. Planted area, at 528,000 acres, is up 9% from last year, while harvested acreage, at 514,000 acres, is up 21% from 2019.

Vessel M V LEM GERANIUM Carrying 29,350 Tonnes of Canada Masoor Arrived at Mundra Port on 12th January, 2021.

Vessel M V PATRICK carrying 30520 tonnes of Australia Nipper Variety Masoor arrived at Kolkata Port on 30th December, 2020.

Masoor ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai Canada 5075-5200 5000-5150 5075-5100 4925
Australia 5300 5225 5275 4975
Mundra Canada 5075-5100 4975 5075 4811
Hajira Canada 5075-5100 5000 5075 4725
Kandla Canada 5050 4950 5050 NA
Kolkata Canada 5050-5150 5000-5100 5000-5100 5100
Australia 5200-5300 5200-5300 5200-5350 5200
Indore Desi 5100 5175-5200 5150-5200 4950
Raipur Desi NA NA NA 4950
Kanpur Desi 5400 5500 5500 5200
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Khopoli 6150 6150 6000 5800-5850
Katni NA NA NA 5575


Imported White Pea (Mumbai):

Canada origin White Pea traded higher for the fourth straight week, by Rs 400 at Rs 8,001/100Kg in Mumbai, as per quality, owing to good demand and dwindling supplies after India banned import of the yellow peas.

Even after India's import ban, a lot of yellow peas continued to come to the country illegally from Nepal, and when Nepal too banned import of yellow peas, prices in India shot up.

Consumption of yellow peas is higher in Bihar and West Bengal while cultivation takes place in Uttar Pradesh and Madhya Pradesh.

On the other hand, White Pea prices declined Rs 150 at Rs 6,450/100Kg at Kanpur market on cautious buying activity at higher rates.

Meanwhile, Rabi Field Pea Sowing was Down 2.39 % As On Jan 13 Vs Same Period Last Yr (LAKH HA)

Customs department has not released the imported pulses yet, as the release will contradict government’s existing policy.

White Pea ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai Canada 8001 7601 7501 5700
Kolkata Canada NA 7600 7500 5600-5700
Kanpur 6450 6600 6550 6000
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai 4300 4200 4100 3950
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Mumbai 8000 7600 7500 6651


Moong (Jaipur):

Moong prices declined by Rs 100 at Rs 7,000-7,500/100Kg at Jaipur market of Rajasthan, as per quality, amid slack mills’ buying at higher rates and ongoing arrivals.

Moreover, demand and sale counters in processed Moong reported slow participation and traded weak Rs 100-200 at Rs 8,100-8,300/100Kg.

As on January 12, 2021, NAFED has successfully procured 11369.25 MT of Moong at Minimum Support Price of Rs 7,196.

In Mumbai, Kenya and Brazil origin Moong traded at Rs 8,000/100Kg and Rs 8,500, respectively.

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.

Moong ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Jaipur Kharif 7000-7500 7500-7600 7300-7400 7800-8200
Harda 5200-8180 NA 5200-8150 7400-7850
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 16-Jan-21 09-Jan-21 02-Jan-21 16-Jan-20
Jaipur 8100-8300 8300-8400 7900-8000 9700-9800
Gulbarga 9300-9400 9400-9500 9200-9300 NA
Akola NA NA NA 8500-9000


(By Commodities control Bureau; +91 9820130172)

       
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