MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chana, Moong, Masoor and White Pea slipped for the week ended 24th April amid dull mill buying as demand and sale counters in processed pulses got affected due to multiple lockdown announcements across the country.
According to the experts, pulses prices are likely to be trade range bound or may be under pressure throughout the month of May as situation worsens due to pandemic and lockdown is likely to extend further across the country.
Weekly Highlights
# Sowing of pulses has increased to 12.75 lakh ha from 6.45 lakh ha, shows nearly 100% increase. The increased area is mainly reported from the states of Tamil Nadu, Madhya Pradesh, West Bengal, Uttar Pradesh, Gujarat, Bihar, Chhattisgarh, Maharashtra, Karnataka etc.
# Canadian Pulses: 2020-21 Prices of Dry Peas, Lentils & Chickpeas Seen Rising amid Stronger Export Demand & Lower Carry-Out.
# Restrictions on Pulse Import May Ease in Near Future.
# Government to distribute free 5 kg foodgrain (rice or wheat) to poor in May, June. NFSA covers about 800 million people.
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Following Tentative Rates Quoted in Indian Markets For Imported Pulses in $ Terms on CNF Basis
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Varieties
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Origin
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Quality
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Shipment
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Price US$ PMT
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|
Tur
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Burma
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Lemon
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May/June
|
780
|
|
Tur
|
Sudan
|
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Ready
|
810
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|
|
|
|
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|
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Urad
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Burma
|
FAQ
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May/June
|
760
|
|
Urad
|
Burma
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SQ
|
May/June
|
865
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|
|
|
|
|
|
|
Chana New (2021)
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Tanzania
|
|
Aug/Sept
|
725
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|
|
|
|
|
|
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Kabuli Chickpea New
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Burma
|
V2
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April/May
|
800
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Kabuli Chickpea New
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Burma
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Hollan
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April/May
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770
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|
|
|
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Kabuli Chickpea
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Russian
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|
|
655
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|
|
|
|
|
|
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Masoor Red
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Canada
|
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May-June
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710
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Masoor Red
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Australia
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Nipper
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June-July
|
720
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Masoor Red New Crop
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Canada
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Oct-Nov
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690/695
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Burma Lemon Tur:
Tur Lemon variety of Burma-origin new weakened by Rs 50/100kg to Rs 6,700/100Kg, in Mumbai, on thin buying from millers as demand and sale counters in processed Tur was sluggish. However tur supply remains equally tight.
Similarly, domestic variety Tur traded lower by Rs 200 to Rs 7,100-7,125/100Kg in bilty trade at benchmark market Akola.
As per market sources, Tur prices are likely to get support at lower rates as fundamentals of Tur are strong due to lower yields, lesser old procured stock with government. Although, overseas imports will arrive at regular intervals as the government has issued a total of 6 lakh tonnes quota.
However, allocation of import licences to traders-millers are expected to be delayed.
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Tur ( Prices In Rs /100Kg )
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Market
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Variety
|
24-Apr-21
|
17-Apr-21
|
09-Apr-21
|
24-Apr-20
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|
Mumbai
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Lemon
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6700
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6750-6800
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6700-6750
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5150
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Akola
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Desi Bilty
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7100-7125
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7300-7325
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7250-7275
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5650-5700
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Gulbarga
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Desi
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Lock Down
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6800-6900
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6900-7000
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NA
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|
|
|
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|
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Tur Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Akola
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Phatka
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10000-10200
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10300-10500
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10000-10200
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8200-8325
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Gulbarga
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Phatka
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Lock Down
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9400-9800
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9400-9800
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NA
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Katni
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Phatka
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10200-10300
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10100-10200
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10000-10100
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8200-8300
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Burma Urad:
Prices of Burma Urad FAQ slipped by Rs 200 at Rs 7,300/100Kg in Mumbai, due to slack mills’ purchase and regular overseas supplies in Chennai.
Similarly, Burma Urad SQ variety in Chennai declined by Rs 75 at Rs 7,950/100Kg. Meanwhile, FAQ variety moved higher by Rs 100 to Rs 7,400, due to selected mills’ buying on immediate requirement for crushing.
Demand has been suffering due to closure of restaurants, small eatery joints, big retail chains which has affected overall pulses demand. Demand from papad manufacturing units is affected due to lock down. Summers are the peak season for Papad manufacturing.
Centre extends the last date for import of 1.5 Lakh MT of Urad for the fiscal year 2020-21, from 31st March, 2021 to 30th April.
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Urad ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Mumbai FAQ
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FAQ
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7300
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7500
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7350
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6850
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Chennai
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FAQ
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7400
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7300
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7350
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7150
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Chennai
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SQ
|
7950
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8025
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8050
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7500-7550
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Jalgaon
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Desi
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7500-7750
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7500-7850
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7350-7800
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6700-7200
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Urad Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Mumbai
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|
9900-10700
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9900-10700
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9900-10600
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9500-10000
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Chana Kantewala (Indore):
Chana prices remained weak by Rs 150 at Rs 5,400-5,450/100Kg in Indore, following weak cues from futures, thin mill buying.
Chana dal and besan demand got affected badly by multiple lockdown announcements across the country due to spike in covid cases.
Profit booking was also noticed by few stockists and futures traders as markets consolidated around Rs 5500.
On supply side, arrivals across the major mandis have shrunk due to lower availability and closure of mandis due to soaring cases of covid infections.
Tighter stocks and weak demand may lead to further consolidation in prices around current levels.
Futures and spot alike have moved past last years’ high. Thus limited down side is expected in prices.
Similarly, Tanzania-origin Chana in Mumbai fell by Rs 100 at Rs 5,150/100Kg amid dull buying activity.
Russia and Sudan-origin Kabuli Chickpea prices also traded lower by Rs 200-250 at Rs 5,450/100Kg and Rs 5,300-5,400, respectively.
42-44 & 44-46 count Kabuli Chana also sharply down by Rs 300-350 each at Rs 10,100/100Kg and Rs 10000, respectively.
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Chana ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Mumbai
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Australia
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NA
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NA
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NA
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NA
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|
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Tanzania
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5150
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5250-5300
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5050-5100
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NA
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|
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Burma
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NA
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NA
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NA
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NA
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Indore
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Katewala
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5400-5450
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5575-5600
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5400
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4100-4150
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Delhi
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Rajasthan origin
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5625
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5875-5900
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5475-5500
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4250-4275
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Akola
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5400-5425
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5550-5575
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5275-5300
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4275-4300
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Bikaner
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|
5550
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5800
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5400
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4150-4175
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|
|
|
|
|
|
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Chana Dal ( Prices In Rs / 100Kg )
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|
Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Akola
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6500-7000
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6500-7000
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6200-6600
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5200-5500
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Indore
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6800-7000
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6400-6800
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6200-6600
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5400-5600
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Jaipur
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6675-6700
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7000
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6425-6450
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5125
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Chana Besan ( Prices In Rs / 50Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Mumbai
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|
3650
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3675
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3550
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3160
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|
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Kabuli Chana ( Prices In Rs / 100Kg )
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Market
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Variety
|
24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Indore
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40-42
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NA
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NA
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NA
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6900
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|
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42-44
|
10100
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10450
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9650
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6700
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|
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44-46
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10000
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10300
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9500
|
6600
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|
|
Dollar
|
NA
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NA
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8500-9000
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NA
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Mumbai
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Sudan
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5300-5400
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5550-5600
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5200-5400
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NA
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|
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Ethiopia
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NA
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NA
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NA
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NA
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Russia
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5450
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5650-5700
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5400-5500
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NA
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|
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Burma
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NA
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NA
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NA
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NA
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Imported Masoor (Mumbai):
Canada crimson variety Masoor along with Australia Masoor in Mumbai dropped by Rs 75-125 each at Rs 6,100-6,200/100Kg and Rs 6,300, respectively as millers refrained from purchasing at prevailing rates.
Similarly, Canada crimson variety Masoor at Hajira-Mundra port dropped each by Rs 125-150 at Rs 6,100-6,125/100kg and Rs 6,000-6,025, respectively, while at Kandla it was priced at Rs 5,975/100Kg, down Rs 125.
Demand and sale counter in processed Masoor witnessed dull activity. Masoor dal traded lower by Rs 50 at Rs 7,500/100Kg.
However, Masoor arrivals at all producing centers have shrunk. Depleting stocks of imported Masoor and no further overseas supply due to higher parity are likely to support prices. Stockist-Corporates who are holding significant stock in hand may not want to sell now due to limited availability of stocks.
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Masoor (Prices In Rs / 100Kg)
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Mumbai
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Canada
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6100-6200
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6225-6275
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6050-6150
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5750-5850
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|
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Australia
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6300
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6375
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6200
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5900
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Mundra
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Canada
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6000-6025
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6150
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6000
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5550-5575
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Hajira
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Canada
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6100-6125
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6225
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6050
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5600
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Kandla
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Canada
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5975
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6100
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5950
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NA
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Kolkata
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Canada
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6400-6500
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6400-6450
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6250-6300
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5900-6000
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|
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Australia
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6550-6600
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6575-6650
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6300-6400
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6050
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Indore
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Desi
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6450-6500
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6450
|
6100
|
5500
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Raipur
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Desi
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NA
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NA
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NA
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5600-5650
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Kanpur
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Desi
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6650
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6700
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6300
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5600
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|
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|
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Masoor Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
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24-Apr-20
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Khopoli
|
|
7500
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7550
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7350
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7500-7600
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Katni
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|
NA
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NA
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6900-7200
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6400-650
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White Pea (Kanpur):
New White Pea prices slipped Rs 125-150 at Rs 5,125/100Kg (dal quality) and Rs 5,300 (40% filter quality) at Kanpur market, due to thin trade activity from local and outstation markets.
As per Kanpur based trader, prices of White Pea is likely to get support at lower rates due to negligible carryover stock. Millers-traders along with stockiest and bulk buying from big companies will be active in purchasing as the pipeline is empty.
Moreover, imported White pea stock is also negligible after India banned the import of the yellow peas. Customs department has not released the imported pulses yet, as the release will contradict government’s existing policy.
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White Pea ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
|
24-Apr-20
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Mumbai
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Canada
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No Stock
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No Stock
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No Stock
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No Stock
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|
Kolkata
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Canada
|
No Stock
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No Stock
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No Stock
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No Stock
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Kanpur
|
|
5125-5300
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5250-5450
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5150-5300
|
4950
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|
|
|
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|
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White Pea besan ( Prices In Rs / 50Kg )
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Market
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Variety
|
24-Apr-21
|
17-Apr-21
|
09-Apr-21
|
24-Apr-20
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|
Mumbai
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|
4350
|
4350
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4350
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3700
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|
|
|
|
|
|
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White Pea Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
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17-Apr-21
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09-Apr-21
|
24-Apr-20
|
|
Mumbai
|
|
6000
|
6000
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6000
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7100
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Moong (Jaipur):
Moong prices declined by Rs 200 to Rs 6,600-7,300/100Kg at Jaipur market of Rajasthan, as per quality, amid thin mill buying.
Moreover, demand and sale counters in processed Moong reported dull participation and traded weak by Rs 300 at Rs 8,500-8,600/100Kg.
New summer Moong crop is expected to arrive from May at Madhya Pradesh and Gujarat. Acreage is expected to remain higher as compared to last year.
Farmers were still holding kharif crop Moong in Madhya Pradesh and Rajasthan.
Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.
The Central Government notifies annual quota for the fiscal year 2021-22 for import of 1.5 Lakh MT of Moong.
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Moong ( Prices In Rs / 100Kg )
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Market
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Variety
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24-Apr-21
|
17-Apr-21
|
09-Apr-21
|
24-Apr-20
|
|
Jaipur
|
|
6600-7300
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6600-7500
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6500-7400
|
9300-9400
|
|
Harda
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|
NA
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NA
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5600-8000
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NA
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|
|
|
|
|
|
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Moong Dal ( Prices In Rs / 100Kg )
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Market
|
Variety
|
24-Apr-21
|
17-Apr-21
|
09-Apr-21
|
24-Apr-20
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Jaipur
|
|
8500-8600
|
8800-8900
|
8700-8800
|
11300-11400
|
|
Gulbarga
|
|
Lock Down
|
9700-9800
|
9400-9500
|
NA
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(By Commodities control Bureau; +91 9820130172)
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