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Week Ahead: Pulses may trade with optimistic tone on ensuing festive demand

2 Aug 2021 2:08 am
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MUMBAI, 2 August (Commodities control) Major pulses market ended on a positive note last week and further optimistic tone is expected this week on ensuing festive demand. Besides, area under pulses sowing is still lagging behind. However, rise in supply of some imported pulses may limit the upside movement in their prices, as per the market analysts.

With rise in the prices of vegetables in the rainy season, the consumption demand for pulses are likely to remain firm in the coming season. Besides, festive season also begins this month, when demand for pulses and besan will increase, said the market analysts.


Prices of Tur, Urad, Chana and Kabuli Chana gained last week on improved mills’ buying. But, Masoor prices slipped after
the government reduced duty on its import which will boost supplies from overseas. However, Moong and White Pea prices remained almost flat amid limited trade volume.



Despite upward movement in the prices of major pulses, the pulses markets witnessed some pressure after an online meeting of importers, millers and wholesalers with the Secretary, Department of Consumer Affairs on Friday who once again asked them to declare their stock details on the portals.


Past Week’s Highlights

# India Kharif Pulses Sowing Down 3% As On July 30 At 107.87 Lakh Ha Vs 111.15 Last Year. Tur: 41.83 Vs 40.24, Urad: 29.96 Vs 32.89, Moong: 26.47 Vs 29.38, Other Pulses: 9.37 Vs 8.41.
# Kharif crop acreage recorded over 848 ha, down 4.7% y/y.
# The government reduced the import duty on lentil from 30 percent to 20 percent. The agricultural cess on the import of lentil has been reduced from 20 percent to 10 percent, as per the notification.
# The government will reconsider the issues of stock limits on pulses only after the actual data of the current stock position of pulses is received. Till date only 2698 millers/traders had declared their stock details on the portal.
# Consumers likely to consume more pulses to meet protein requirements as chicken prices soar.
# Madhya Pradesh: CM discusses procurement of summer moong with Union Minister Tomar.



India 2021-22 state wise kharif pulses sowing July 28

Kharif Tur Sowing Up 4 % As On July 28 Vs Last Yr (LAKH HA)

Karnataka

12.37

10.29

Maharashtra

12.51

11.96

Madhya Pradesh

3.62

3.75

Telangana

3.43

3.24

Uttar Pradesh

2.91

2.98

Gujarat

1.95

1.74

Jharkhand

1.71

2.12

Chhattisgarh

0.81

1.06

Total

41.83

40.24

Kharif Urad Sowing Down 8.91 % As On July 28 Vs Last Yr (LAKH HA)

Madhya Pradesh

12.83

14.79

Maharashtra

3.99

3.61

Karnataka

0.91

1.01

Rajasthan

3.45

3.18

Uttar Pradesh

4.95

6.31

Gujarat

1.23

0.68

Telangana

0.16

0.16

Total

29.96

32.89

Kharif Moong Sowing Down 9.9 % As On July 28 Vs Last Yr (LAKH HA)

Karnataka

3.87

3.44

Maharashtra

3.46

3.71

Rajasthan

15.16

17.8

Madhya Pradesh

1.38

1.28

Gujarat

0.53

0.58

Telangana

0.51

0.46

Total

26.47

29.38


Burma Lemon Tur


Tur Lemon variety of Burma-origin (new) traded higher by Rs 150 to Rs 6,375/100Kg in Mumbai on better mills purchases. Arusha and Mozambique origin gajri variety Tur priced each at Rs 6,200 and Rs 6,100, respectively. Sudan origin Tur (new) was quoted at Rs 6,500.


Similarly, domestic variety of Tur also gained Rs 300 at Rs 6,800-6,850/100Kg in bilty trade at benchmark market Akola.

Moreover, demand and sale counter in Tur dal witnessed some action this week.


Also, supplies from overseas were delayed. Vessel M V VTC PLANET carrying 21000 tonnes of Burma Tur-Urad in bags is expected to arrive at Mumbai port on 3rd August, 2021, according to a shipping agency. Earlier, vessel was expected to arrive on 28th July.

However, supplies of Tur from overseas in breakbulk- container vessel and higher Tur sowing acreage by 4 percent will limit the gains.

India 2021-22 Kharif Tur sowing was up 4 %, as on July 30, at 41.83 Lakh Ha Vs 40.24 Last Year.

Still cautious trade is being witnessed at higher rates due to government policy.


Burma origin Tur Lemon and Linkhey varieties each offered at $900 per ton in container on CNF basis JNPT for July-Aug shipment.


Tur ( Prices In Rs /100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

Lemon Old

6275

6125

5800

5400

Mumbai

Lemon New

6375

6225

5900

Akola

Desi Bilty

6800-6850

6525-6550

6400-6425

5975-6000

Gulbarga

Desi

6500-6600

6200-6300

6000-6200

5700-5800

Tur Dal ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Akola

Phatka

9200-9400

9000-9200

8900-9100

8100-8300

Gulbarga

Phatka

8900-9300

8500-9000

8700-9100

7800-8200

Katni

Phatka

9300-9400

9150-9250

8900-9000

8350-8450





Burma Urad

Prices of Burma Urad FAQ variety moved higher Rs 200-250 at Rs 6,750/100Kg in Mumbai due to improved mills buying and sowing acreage lagging behind despite regular overseas supplies and arrivals of summer crop were witnessed.

India 2021-22 Kharif Urad acreage was down 8.91 %, as on July 30, at 29.96 Lakh Ha Vs 32.89 Last Year.

Similarly, Burma Urad FAQ-SQ varieties in Chennai gained by Rs 200-350 at Rs 6,500/100Kg and Rs 7,600, respectively.


Meanwhile, break bulk vessel carrying 9,250 MT Urad FAQ variety arrived at Chennai port. Another vessel expected carrying 13,000 MT Urad FAQ is expected till August end. One more vessel carrying Urad FAQ-SQ varieties is expected till august end. Around, 1000 containers of Urad SQ are expected to reach Chennai soon.

Major quantity of urad arrived from overseas has been sold to millers. Supplies of SQ variety were less compared to FAQ variety. Prices movement in SQ variety expected to be higher compare to FAQ variety.



Urad FAQ-SQ varieties firm in Burma this week at $880 and $ 1030 per ton in container on CNF basis JNPT for July-Aug shipment. Buyers from India were interested in purchasing Urad at lower rates. But, no sellers were active in local market. Trade activity was negligible in local market as lockdown extends till 31st July. However, port activity and banking transactions has regular operations.


The direct container vessels carrying urad regularly have already departed from Yangon for Chennai.

India has signed an MoU with Myanmar to imports of 2.5 lakh tonnes of urad every year for next fiver year.



Urad ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai FAQ

FAQ

6750

6500-6550

6100

5900

Chennai

FAQ

6500

6300

6000

6000-6025

Chennai

SQ

7600

7250

6800

6550-6575

Jalgaon

Desi

NA

6500-6850

6200-6600

5900-6500

Urad Dal ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

8900-9650

8750-9350

8600-9200

8000-8700




Chana Kantewala (Indore)


Chana prices gained by Rs 150 at Rs 5,300/100Kg in Indore amid improved mill buying activity on immediate requirement for crushing.


However, demand and sale counter in dal-besan reported limited action. But, demand are expected to increase in near future from retail counters which will boost buying. Moreover, shortage of White Pea is likely to support Chana prices.

Meanwhile, Nafed is active to liquidate its stock of chana in various states.

Also, marketmen has fear that the government may announce any changes to import duties for Kabuli Chickpea or may remove ban on import of White Pea.


Nafed sold procured Chana Rabi-2018 at Rs 4,751-4,812/100Kg, Rabi-2019 at Rs 4,825-4,903 and Rabi-2020 at Rs 4,951-4,953 in Madhya Pradesh on 30th July, 2021. In Rajasthan, Rabi-2020 sold in the range at Rs 5,061-5,075.In Uttar Pradesh, Rabi 2020 at Rs 4,801. In Maharashtra, Rabi -2018 at Rs 4,501-4,511.

Tanzania Chana moved higher by Rs 200 at Rs 4,800/100Kg in Mumbai.


Similarly, Sudan origin Kabuli Chickpea prices gained by Rs 50-100 at Rs 5,250-5,400/100Kg. While, Russia origin Kabuli Chickpea traded flat at Rs 5,100. However, overseas supply was less because of restrictions on imports due to customs duty of 40 per cent.

At Indore, 42-44 & 44-46 count Kabuli Chana was up by Rs 300 each at Rs 9,450/100Kg and Rs 9,300, respectively. Dollar variety Kabuli chickpea also rise by Rs 500 to Rs 8,000-9,000.

Sudan origin Kabuli Chickpea new offered at $710 per ton in container on CNF basis JNPT for July-Aug shipment.



Chana ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

Tanzania

4800

4600

4400-4450

4100

Indore

Katewala

5300

5150-5175

4850-4900

4200-4225

Delhi

Rajasthan origin

5150-5175

5075-5100

4925

4175

Akola

5025-5050

4925-4950

4700-4725

4325-4350

Bikaner

5000

4900

4700

4100

Chana Dal ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Akola

6000-6400

6000-6400

5700-6100

5000-5500

Indore

6100-6600

6000-6500

5800-6200

5200-5600

Jaipur

5900-5925

5800

5500-5525

4825-4850

Chana Besan ( Prices In Rs / 50Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

3525-3575

3500-3550

3450-3500

3125

Kabuli Chana ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Indore

42-44

9450

9150

8550

6500

44-46

9300

9000

8400

6300

Dollar

8000-9000

8000-8500

7500-8000

5500-6000

Mumbai

Sudan

5250-5400

5100-5350

5000

NA

Russia

5100

5100

4850

4200



Imported Masoor (Mumbai)

Canada crimson variety Masoor along with Australia Masoor in Mumbai fell by Rs 50 each at Rs 6,550/100Kg and Rs 6,600, respectively due to overseas supplies and government reduced the import duty on lentil.

Similarly, Canada crimson variety Masoor at Kandla-Mundra port remained weak by Rs 75-100 at Rs 6,300/100kg and Rs 6,300-6,400, respectively, while at Hajira it was priced unchanged at Rs 6,400-6,500/100Kg.

In forward business, Canada crimson variety Masoor offered at $790 per ton in container on CNF basis JNPT for mid-August shipment. $825 for Sep-Oct shipment.

Australia nipper variety Masoor quoted at $820 for Kolkata against Aug-Sep shipment. Lairds no 2 variety at $950 September-October shipment.

Australia Masoor Lairds variety priced at $970 for Chennai.

The deteriorating crop situation in Canada and the US has since become a more important consideration for processors and exporters. Exporters are waiting for initial yield indications as they are thinking yields could be down between 30% and 40% from last year. Initial fears of a crop failure in Australia because of dry weather have been less by good rainfall in most key growing areas.



Masoor ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

Canada

6550

6600

6350

5251-5351

Australia

6600

6650

6450

5451

Mundra

Canada

6300-6400

6375-6500

6100-6150

5225

Hajira

Canada

6400-6500

6400-6500

6100-6200

5225

Kandla

Canada

6300

6375

6100

NA

Kolkata

Canada

6600

No Stock

No Stock

5200-5350

Australia

6600

6750-6800

6500

5500-5600

Indore

Desi

6400

6500

6200-6250

5300-5350

Raipur

Desi

6550-6600

6600-6625

6450-6500

NA

Kanpur

Desi

6850

6800

6625

5725

Masoor Dal ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Khopoli

7500

7500

7450

6500

Katni

NA

NA

NA

6250-6350



Moong (Jaipur)

Moong prices remained unchanged at Rs 6,300-6,700/100Kg at Jaipur market of Rajasthan, as per quality, amid limited mills buying activities and ongoing summer crop arrivals from producing centers.

However, India 2021-22 Kharif Moong sowing was down 9.9 %, as on July 30, at 26.47 Lakh Ha Vs 29.38 Last Year.

New Moong traded at Rs 6,500-7,300/100Kg with arrivals of 30 bags at Gadag market of Karnataka. (Each bag 50 Kg).The arrived Moong has moisture content of 18-20%, a local trader said.


New Moong traded at Rs 5,600/100Kg with arrivals of 1 bags at Jalna market of Maharashtra. (Each bag 100 Kg).The arrived Moong has moisture content of 18-20%, a local trader said.


New kharif moong expected to begin from next week at Bagalkot market of Karnataka, mid of August at Bidar- Yadgir of Karnataka and at Tandur market of Telangana from August end. Crop condition of Moong is reported good at Bidar, Yadgir and Bagalkot. On other hand, crop has been got damaged due to heavy rain at Tandur.

Vessel M V POLARIS Z from Africa carrying 17500 tonnes of Moong and Soybean in bags is expected to arrive at Mumbai port on 10th August, 2021, according to a shipping agency.

Tanzania Moong offered at $750 per ton in container on CNF basis August shipment.



Moong ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Jaipur

6300-6700

6300-6700

6100-6600

6300-6500

Harda

5300-6330

NA

5400-6250

4500-6570

Moong Dal ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Jaipur

7400-8100

7500-7700

7300-7700

7100-7200

Gulbarga

8300-8400

8200-8300

8100-8200

8400-8500



White Pea (Kanpur)


White Pea prices ruled steady to firm at Rs 5,700/100Kg (40% dal quality) and Rs 5,950 (60% filter quality) at Kanpur market, on regular buying support from local and outstation markets at existing rates due to shortage. Buyers from southern market were active. Already 70% of crop has been used in consumption and 30% were in were in strong hands of stockiest. Prices are likely to rise further if government does not intervene.


As per Kanpur based trader, prices of White Pea are likely to get support as carryover stock is negligible. Moreover, imported White pea stock is also negligible after India banned the import of the yellow peas.



The Supreme Court ordered the absolute Confiscation of Peas and Pulses and directed that re-export be allowed only after recovering the necessary redemption fine.



White Pea ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

Canada

No Stock

No Stock

No Stock

6000

Kolkata

Canada

No Stock

No Stock

No Stock

No Stock

Kanpur

5700-5950

5650-5950

5400

5350

White Pea besan ( Prices In Rs / 50Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

4250

4150

4000

3500

White Pea Dal ( Prices In Rs / 100Kg )

Market

Variety

31-Jul-21

24-Jul-21

17-Jul-21

31-Jul-20

Mumbai

5800

5700

5500

6500




(By Commodities control Bureau; +91 9820130172)


       
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