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Weekly: Selective Pulses gain on bargain buying ahead of the festive season.

6 Sep 2021 11:46 am
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MUMBAI, 4 Sep (Commodities control) - Prices of major raw pulses, like Tur, Urad, Masoor, Moong, and White Pea moved higher for the week ended 4 Sep 2021 amid fresh mills purchase to meet the immediate requirement for crushing. Although there was a consistent supply of imported pulses from overseas and arrival of Kharif moong and urad in major producing centers limited the gains.

On other hand, Chana prices traded steady to firm in limited trade activity whereas Kabuli Chickpea witnessed mixed prices trend on thin activity at higher rates.

Demand and sale counter in processed pulses is still reported below expectation. But demand in processed pulses is likely to pick from major consumption centers to meet the upcoming festival demand.

Past Week’s Highlights

# India Kharif Pulses Sowing up 1.18 % As On Sep 2 At 136.85 Lakh Ha Vs 135.26 Last Year. Tur: 49.49 Vs 47.45, Urad: 37.94 Vs 37.85, Mung: 34.22 Vs 34.92, Other Pulses: 14.82 Vs 14.59.
# India 2021-22 state-wise Kharif pulses sowing Sep 1. Click here
# India's 2021-22 Sowing Area of Kharif Crops Down 1.14% YoY So Far: Govt. Click here
# Statistics Canada 2021 crop estimates. Click here
# FAO Revises Down 2021 Global Cereal Harvest Estimate to 2.788 Billion Tonnes. Click here
# Inclement Weather Condition, Pest Infection Threaten Urad Crop in MP. Click here
# India Likely to Receive above Normal Monsoon Rains in Sept after Facing Deficit of 24% in Aug: IMD. Click here
# India's Q1 GDP Growth Rebounds to 20.1% YoY; Agri Sector Surges 4.5% Vs 3.5%. Click here

Burma Lemon Tur

Tur Lemon variety of Burma-origin (new) traded higher by Rs 50 for the week at Rs 6,600/100Kg in Mumbai due to mills buying. Mills were buying to meet the immediate requirements for crushing. On the other hand, sellers were inactive at lower rates. Arusha Tur and Mozambique origin gajri variety also gained nad closed the week at Rs 6,500 and Rs 6,400, respectively. Sudan Tur ruled firm at Rs 6,800.

Similarly, the domestic variety of Tur also up Rs 50 during the week to close at Rs 7,075-7,125/100Kg in bilty trade at benchmark market Akola.

However, demand and sale counter in Tur dal reported thin.

Tur Lemon-Linkhey varieties are quoted at $900 & $910 per ton on CNF India basis, respectively in Burma. There was negligible trade activity in Burma as Indian buyers were inactive at the same time there was limited selling interest at current prices.

In forward business, Tanzania origin Arusha variety Tur quoted at $855 per ton on CNF basis Nhava Sheva for Sep-15 Oct shipment. Mozambique white and red tur offered at $850 and $745 per tonne, respectively on CIF basis Nhava Sheva for Sep shipment.

Vessel M V JUPITER from Africa had discharged 5,120 MT till date and 13,929 MT balance to discharge. Vessel M V JUPITER carrying 4,692.266 MT Mozambique Moong, 7,314 MT Mozambique Tur, 400 MT Mozambique Tur dal, 2,953. 666 MT Malawi Tur, 730.758 MT Malawi Tur dal and 2,946.682 Soybean.

Tur ( Prices In Rs /100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

Lemon Old

6500

6450

6550

5900

Mumbai

Lemon New

6600

6550

6650

Akola

Desi Bilty

7075-7125

7025-7075

7100-7150

6450-6500

Gulbarga

Desi

6500-6600

6500-6700

6600-6800

6200-6380

Tur Dal ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Akola

Phatka

9400-9600

9500-9700

9600-9800

8600-8800

Gulbarga

Phatka

9200-9600

9200-9600

9100-9500

8500-8900

Katni

Phatka

9550-9650

9600-9700

9700-9800

8800-8900

Burma Urad

Prices of Burma Urad FAQ variety moved higher by Rs 300 at Rs 7,150/100Kg in Mumbai due to firm mills buying support and fear of damage in new Kharif crop and higher moisture content in crop due to rains during the harvesting period.

Already, Urad sowing was lagging behind, and also crop got damaged in Madhya Pradesh, Uttar Pradesh, and Rajasthan due to less rain during the early-stage sowing period.

However gains Urad are likely to be limited as there is slow off-take in Urad dal and increase in supply due arrivals of new Kharif crop and imports from overseas. Further fear government intervention will deter market participants to take any big exposure.

Burma Urad FAQ-SQ varieties in Chennai also gained by Rs 300-400 to Rs 6,900-6,925/100Kg and Rs 8,000, respectively.

New Kharif Urad traded in the range of Rs 6,800-7,300/100Kg as per quality. Maharashtra origin new Urad traded firm at Rs 7,500-7,700/100Kg at Guntur market.

Urad FAQ-SQ varieties traded higher this week at $920 and $1065 per ton on CNF basis at Burma amid good buying from India at lower rates.

Urad ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai FAQ

FAQ

7150

6800

7050

6300

Chennai

FAQ

6900-6925

6650

6950

6200-6225

Chennai

SQ

8000

7600

8050

7200-7225

Jalgaon

Desi

6900-7500

6750-7250

NA

6500-6950

Urad Dal ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

9550-10000

9450-9800

9500-10300

8300-9050


Chana Kantewala (Indore)

Chana prices remained steady to firm Rs 5,600/100Kg for the week on mill buying activity at lower rates on immediate requirement for crushing.

Moreover, good demand was witnessed in besan. But, demand in Chana dal was limited.

Meanwhile, Nafed is actively liquidating its stocks of Chana at various centers. FCI is also active in selling stock procured in Maharashtra.

Nafed sold procured Chana Rabi-2019 at Rs 5,102/100Kg in Madhya Pradesh on 3rd Sep 2021. In Maharashtra, Rabi-2018 sold at Rs 5,101-5,151. In Rajasthan, Rabi-2020 at Rs 5,207-5,255.

In international origins, Tanzania Chana prices gained Rs 50 to Rs 5,250/100Kg in Mumbai on-demand from mills. New Tanzania Chana traded up Rs 50 at Rs 5,450 in ready delivery.

In forward business, Tanzania was quoted at Rs 5,500/100Kg for September shipment and Rs 5,625/100Kg for October shipment.

Tanzania origin Chana offered at $740 per ton in container on Cfr basis Nhava sheva port for September-15 October shipment.

Similarly, Russia and Sudan Kabuli Chickpea priced higher each by Rs 50-150 at Rs 5,300/100Kg and Rs 5,700-6,100 on mills purchase despite fresh supplies of new crop from Sudan. Fresh imports of Russian origin are not competitive as it attracts import duty of 40%

Indore Kabuli Chana 42-44 & 44-46 count slipped by Rs 100 each at Rs 102,50/100Kg and Rs 101,00, respectively.

The production estimates of Canada chickpea for the year 2021 have revised lower to 63 thousand tonnes as compared to 214 thousand tonnes in the previous year.

Overall supply shortage due to lower production, ban on import of yellow pea and also imports not viable due to higher import duty has supported prices. Moreover, procured Chana stock with government is less.

With the opening of the Indian economy and upcoming festival season demand for Chana and its derivatives, besan and Chana dal is likely to increase sharply on the other hand supply constraint can lead to modest rise in Chana prices. But third wave of Covid and any sort of government intervention can restrict the likely rally.
.

Chana ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

Tanzania

5250-5450

5200

5300

5050

Indore

Katewala

5600

5600

5600-5625

4925-4950

Delhi

Rajasthan origin

5525-5550

5525-5550

5600-5625

5100

Akola

5475-5500

5425-5450

5450-5475

5125-5150

Bikaner

5350

5300

5500

4900

Chana Dal ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Akola

6300-6800

6500-6900

6200-6600

5500-6000

Indore

6500-7000

6500-7000

6400-6800

5900-6300

Jaipur

6400

6400-6425

6600

6025-6050

Chana Besan ( Prices In Rs / 50Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

3700-3750

3650-3700

3650-3700

3475

Kabuli Chana ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Indore

42-44

10250

10350

10350

7650

44-46

10100

10200

10200

7450

Dollar

9000-9800

9000-9500

9000-9800

7200-7700

Mumbai

Sudan

5700-6100

5600-5950

5700-6100

5150-5200

Russia

5300

5250

5500

5050-5100

Imported Masoor (Mumbai)

Canada crimson variety Masoor at Mumbai extended rise by Rs 50 at Rs 7,650/100Kg amid mills buying support despite fresh and upcoming overseas supplies and reduction in import duty by government indicating strong demand. On other hand, Australia origin Masoor ruled unchanged at Rs 7,700.

Higher prices in international market on the apprehension of lower crop output in Canada and USA, has supported Masoor prices.

Canada Masoor production is estimated at 1979 thousand tonnes for the year 2021 as compared to 2868 thousand tonnes last year. This production would be down 31 percent from last year and 25 percent below the five-year average. This would be the lowest production realized in nine years.

Nafed has invited offers for supply of 15,000 MT imported Masoor from private importers. Prices for imported Masoor to be quoted for supply shall not exceeding Rs 7,000/100Kg. Bids will be opened on 13th September 2021.The delivery of stock should be completed up to 28th September 2021.But given the current price it is unlikely that Nafed will get any offer for supply .

At retail counter demand for Masoor dal was reported good.

Tracking Mumbai market Canada crimson variety Masoor at Kandla-Mundra port also moved higher by Rs 100 at Rs 7,500/100kg and Rs 7,500-7,550, respectively, while at Hajira it was priced up 100 at Rs 7,550-7,600/100Kg.

Vessel M V MELODY carrying 10048.180 MT of Australia Masoor is expected to arrive at Mumbai port on 20th September, 2021.

Vessel M V PERSUES carrying approximately 22,550 MT of Canada red Masoor is expected to arrive at Mundra port on 8th September, 2021.

Masoor ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

Canada

7650

7600

7300

5331-5425

Australia

7700

7700

7400

5500

Mundra

Canada

7500-7550

7400-7450

7150-7200

5331

Hajira

Canada

7550-7600

7450-7550

7150-7250

5331

Kandla

Canada

7500

7400

7200

NA

Kolkata

Canada

7650

7600

7500

5400-5450

Australia

7800

7800

7700

5600-5800

Indore

Desi

7700

7600

7400

5600-5650

Raipur

Desi

7500

7350-7400

7250-7300

NA

Kanpur

Desi

7925

7850

7700

6000

Masoor Dal ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Khopoli

8800-9100

8700-9000

8400-8700

6400

Katni

NA

NA

NA

6500-6700



Moong (Jaipur)

Old variety Moong prices ruled higher by Rs 100 at Rs 6,500-7,100/100Kg at Jaipur market of Rajasthan, as per quality, on mill buying as demand in processed Moong reported despite regular new kharif crop arrivals at producing centres.

As per market talk there is possibility of crop damage to heavy rain during harvesting in main producing belt.

Moisture content was also reported to be higher around 15-18% in Maharashtra, 13-16% in Karnataka and 14-20% reported in Rajasthan. On other hand, less moisture and dry quality arrivals was witnessed in Telangana.

Local stockiest and millers along with outstation millers from Punjab, Haryana, Jaipur, Maharashtra and Mumbai were active in purchasing new Moong from Karnataka.

New kharif Moong traded in the range of Rs 6,500-7,300/100Kg, as per quality, at Karnataka, Maharashtra and Telangana.

Summer crop Moong traded in the range of Rs 6,000-6,600/100Kg at Madhya Pradesh.


In Mumbai, Mozambique origin Moong for vessel Jupiter quoted at Rs 6,500-6,600/100Kg.

Vessel MV POLARIS Z from Africa had discharged 15,513 MT till date and 667 MT Balance to discharge. Vessel M V POLARIS Z carrying 16155 tonnes of Moong and Soybean in bags.

Vessel M V JUPITER from Africa had discharged 5,120 MT till date and 13,929 MT balance to discharge. Vessel M V JUPITER carrying 4,692.266 MT Mozambique Moong, 7,314 MT Mozambique Tur, 400 MT Mozambique Tur dal, 2,953. 666 MT Malawi Tur, 730.758 MT Malawi Tur dal and 2,946.682 Soybean.

Overall, improved arrivals of new kharif Moong in producing centres, regular arrivals of summer crop Moong and overseas supplies likely to restrict any price rise.

Moong ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Jaipur

6500-7100

6400-7000

6500-7000

6700-6800

Harda

5800-6750

NA

5400-6650

NA

Moong Dal ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Jaipur

7600-8600

7500-8400

7600-8500

7600-7700

Gulbarga

9100-9200

8500-8600

8500-8600

8400-8500

White Pea (Kanpur)

White Pea prices moved up Rs 50-100 to Rs 5,750/100Kg (40% dal quality) and Rs 6,100 (60% filter quality) at Kanpur market on buying support from local and outstation markets due to shortage. Buyers from the southern market were active. Prices are likely to rise further if government does not permit the import of white peas. Cautious buying was witnessed at higher rates amid fear that government may remove ban on the import of White Pea. However, prices of White Pea are Aunlikely to fall much as there is limited stock and production in the biggest supplier Canada has decreased sharply.

Canada dry field peas production is estimated at 2627 thousand tonnes for the year 2021 which is less than 4594 thousand tonnes last year. This production would be down 43 percent from last year and down 38 percent from the five-year average, while the smallest production seen in 10 years.

Vatana besan and dal gained by Rs 100-200 each at Rs 4,800/50Kg and Rs 6,900, respectively.

White Pea ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

Canada

No Stock

No Stock

No Stock

No Stock

Kolkata

Canada

No Stock

No Stock

No Stock

No Stock

Kanpur

5750-6100

5700-6000

5850-6300

6550

White Pea besan ( Prices In Rs / 50Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

4800

4700

4700

3700

White Pea Dal ( Prices In Rs / 100Kg )

Market

Variety

04-Sep-21

28-Aug-21

21-Aug-21

04-Sep-20

Mumbai

6900

6700

6700

6800



(By Commodities control Bureau; +91 9820130172)


       
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