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Weekly: Tur, Chana & Masoor Post Strong Gains amid Millers’ Buying Interest

8 Feb 2021 9:47 am
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MUMBAI (Commodities control) – Prices of major pulses, such as Tur, Urad, Chana, Kabuli Chickpea and Masoor headed northward for the week ended 6th February,2021 amid buying activity from millers-traders. Meanwhile, Moong prices traded almost flat on limited volume.

Weekly Highlights

# Finance Minister Exempts LDC Imports from Duty, AIDC.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin continued its northward rally by Rs 400 to Rs 6,400/100Kg in Mumbai, on improved mill buying.

Similarly, domestic variety of Tur continued to trade higher by Rs 500 at Rs 6,775-6,800/100Kg at benchmark market Akola.

Arrivals were still below expectation during peak season due to lower than expected yields. Imports have halted.

Moreover, arrivals have thinned as farmers also hesitate to sell their stocks in open market.

Eyeing the trend, stockiest including corporates are buying Tur in large quantities, aiding price rise.

Meanwhile, millers are actively purchasing Tur at higher prices on immediate requirement for crushing as pipeline is empty. Earlier millers were sidelined in anticipation that the prices will slow down on arrivals pressure in February.

Tur dal prices are following the uptrend in raw Tur prices.

As on February 4, 2021, NAFED has procured 9708.02 MT of Tur at MSP of Rs 6,000/100Kg in Karnataka, Maharashtra and Gujarat.

According to our analysts, correction at higher rates cannot be ruled out. Buying opportunity likely be seen at lower rates as fundamentals of Tur is strong.

Tur ( Prices In Rs /100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Mumbai Lemon 6400 5975-6000 5950 4800
Akola Desi Bilty 6775-6800 6250-6275 6125-6150 4975-5000
Gulbarga Desi 6600-6700 5900-6200 5900-6100 4700-5000
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Akola Phatka 9700-9800 8600-8700 8600-8800 7700-7800
Gulbarga Phatka 9000-9500 8700-9100 8800-9200 7500-7900
Katni Phatka 9600-9700 8700-8800 8600-8700 7400-7500


Burma Urad:

Prices of Burma Urad FAQ variety traded firm by Rs 75 at Rs 7,600/100Kg in Mumbai, on millers' trade on immediate requirement for crushing, less imported stock.

Similarly, Burma Urad SQ-FAQ varieties in Chennai gained each by Rs 50-100 at Rs 8,500/100Kg and Rs 7,550, respectively.

Moreover, demand and sale counter in processed Urad witnessed some activity from wholesale and retail counters.

In Burma, sources reveal that port activity and banking transactions have resumed regular operations.

Urad FAQ-SQ varieties traded for India (Chennai) are in the range of $720 and $870 per metric ton on FOB basis.

As per Burma based local trader, shipments of around 600 containers (14,400 MT) of Urad is likely to load for India (Chennai) through direct vessel on 11th January. Another direct vessel is expected to set sail for India (Chennai).

Meanwhile, container charges continue to run higher due to shortage.

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

Damage to urad crops in Andhra Pradesh-Tamil Nadu and no overseas supply pressure is likely to support Urad prices in near future.

Urad ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Mumbai FAQ FAQ 7600 7525 7525 6625-6650
Chennai FAQ 7550 7450 7600 NA
Chennai SQ 8500 8450 8600 7700
Jalgaon Desi 7750-8150 7600-8050 7600-8000 6500-7000
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Mumbai 10100-11100 9900-10900 9900-10900 9000-9500


Chana Kantewala (Indore):

Chana prices moved higher by Rs 200 at Rs 4,775-4,800/100Kg in Indore following firm futures and mill buying activity as demand and sale counters in dal-besan was reported good participation

The improving demand prospects due to Holi in March along with lower stocks with millers may provide positive impetus to Chana consumption.

However, ongoing arrivals of Chana were witnessed in Maharashtra and Karnataka.

Ministry of Agriculture & FW sanctioned procurement of Chana under price support scheme in state of M.P for Rabi 2020-2021. Nafed is making arrangements to undertake procurement operations.

Tanzania-origin Chana, in Mumbai, ruled higher Rs 100 at Rs 4,300-4,325/100Kg.

Russia and Sudan-origin Kabuli Chickpea prices traded each, at Rs 4,500/100Kg and Rs 4,100-4,400, respectively. Dollar variety Chana gained Rs 300 at Rs 6,000-6,500/100Kg in Indore.

Chana ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Mumbai Australia NA NA NA NA
Tanzania 4300-4325 4225 4350 3950
Burma NA NA NA 3750
Indore Katewala 4775-4800 4600 4600-4650 4000
Delhi Rajasthan origin 4750 4675 4750-4775 4200
Akola 4650-4700 4425-4450 4475-4500 3975-4000
Bikaner 4625 4500 4500-4525 4000
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Akola 5500-5800 5500-5800 5400-5800 4800-5400
Indore 5500-6000 5500-5900 5500-6100 NA
Jaipur 5375 5250 5325-5350 NA
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Mumbai 3400 3400 3450 3040
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Indore 40-42 NA NA NA 6300
42-44 7050 6600 6500 6100
44-46 6900 6450 6350 5950
Dollar 6000-6500 5800-6200 5800-6200 NA
Mumbai Sudan 4100-4400 4250-4450 4375-4525 3975
Ethiopia NA NA NA 3900
Russia 4500 4350-4375 4450 3900
Burma NA NA NA 3800


Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai gained by Rs 200-250 each at Rs 5,250-5,350/100Kg and Rs 5,450, respectively amid millers trade activity on immediate requirement for crushing against limited domestic stock.

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 200 at Rs 5,250/100kg and Rs 5,225, respectively, while at Kandla it was priced higher by Rs 200 at Rs 5,150/100Kg.

Availability of imported stocks, rise in sowing area this year and slow offtake in Masoor dal will keep prices under check.

New domestic Masoor arrivals are likely to hit market soon.

However, no overseas supplies are expected hereon, due to higher parity. Tentative rates of Canada crimson variety and Australia Masoor is being offered at $590-$620 per ton in container on CNF basis.

Masoor ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Mumbai Canada 5250-5350 4950-5075 5025-5100 4750
Australia 5450 5175 5200 4800
Mundra Canada 5225 4925 4975-5000 4550-4575
Hajira Canada 5250 4925 5000 4525-4550
Kandla Canada 5150 4875 4950 NA
Kolkata Canada 5250 4900-5050 4950-5100 4750-4800
Australia 5350-5450 5050-5150 5100-5200 4800
Indore Desi 5300-5350 4950 5100-5150 4600
Raipur Desi NA NA NA 4800-4825
Kanpur Desi 5450 5100 5350 4800
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Khopoli 6150 6150 6150 5700
Katni NA NA NA 5200


Moong (Jaipur):

Moong prices remained unchanged at Rs 6,800-7,100/100Kg at Jaipur market of Rajasthan, as per quality, amid thin mills’ buying and ongoing arrivals.

Moreover, demand and sale counters in processed Moong reported slow participation and traded flat at Rs 7,700-7,800/100Kg.

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 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Jaipur Kharif 6800-7100 6800-7100 7100-7600 7300-7500
Harda 5200-8400 5200-8150 NA 7500-7800
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 06-Feb-21 30-Jan-21 23-Jan-21 06-Feb-20
Jaipur 7700-7800 7700-7800 8100-8200 NA
Gulbarga 9300-9400 9300-9400 9300-9400 10000
Akola NA NA NA 9000-9500


(By Commodities control Bureau; +91 9820130172)

       
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