MUMBAI, 10 Oct (Commodities control) – Mills buying in raw pulses is likely to remain subdued further this week due to liquidity crunch in the market and increasing supply pressure which has raised the possibility of more fall in the prices of major pulses. The demand for processed pulses is also lackluster despite festive season is in progress. However, reports of kharif crop damages may support prices of some pulses.
Arrivals of Kharif crops are expected to increase in coming days as farmers will liquidate their crop to meet festive expenses. They will also need money for rabi farming. Besides, supplies of pulse from overseas are mounting pressure, said a trade analyst.
Tur, Urad, Masoor and White Pea declined for the week ended 9th Oct 2021 amid dull demand from processors. While, Chana-Kabuli Chana prices ruled firm in the selected market as millers were actively buying at lower rates. On other hand, Moong traded almost flat on limited activities.
Demand scenario in processed pulses still remains quiet despite festive season is in progress due to liquidity crunch, the analyst added.
Changes in government policies to intervene supplies of pulses have affected buying sentiments, that’s why millers, traders, and wholesalers are buying pulses as per their short time requirements.
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Burma Lemon Tur
In domestic market, Tur slipped by Rs 75 during the week to close at Rs 6,650-6,700/100Kg in bilty trade at benchmark market Akola.
In imported variety, Tur Lemon variety of Burma-origin (new) traded lower by Rs 150 for the week at Rs 6,200/100Kg in Mumbai due to dull mills purchase as demand in Tur dal reported sluggish.
Availability of Africa Tur at lower rates in ready business and also regular overseas supplies from Africa at cheaper rates will further weaken the buying sentiments, as per the market observers.
Moreover, quality of Africa Tur was reported average with 22-23 percent higher moisture content.
At the same time, Mozambique origin gajri variety was priced lower at Rs 5,400/100Kg. Also, Tanzania origin Arusha variety Tur traded weak at Rs 5,600/100Kg. Sudan Tur was also quoted down at Rs 6,450. Matwara Tur declined at Rs 5,500-5,525.
In overseas markets Tur Lemon and Linkley varieties offered at $880 /MT and $850 CNF India basis in Yangon market. In Tanzania market, Arusha variety Tur was quoted at $710-$720 per ton and Matwara at $690-$700, Malawi Red at $650 and Mozambique gajri Tur at $700-$710 on CNF Nhava Sheva for Oct shipment.
Vessel M V ETERNITY C from Africa had discharged 3119 MT till date and 29,122 MT balance to discharge at Mumbai port. Vessel M V carrying 6,853.704 MT Malawi Tur and 25,385.307 MT Mozambique Tur.
Vessel M V PORTHOS carrying 1,953.900 MT Mozambique Moong and 27,617.625 Mozambique Tur is expected to arrive in coming day at Mumbai port.
Average quality and cheaper rates overseas supplies from Africa had dampened sentiments. Moreover, demand in Tur dal was below expectation despite higher prices of vegetable. Tur prices are likely to get support at lower rates as reports of crop damage due to excessive rains in Marathwada region of Maharashtra.
Tur ( Prices In Rs /100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
Lemon Old
|
6100
|
6250
|
6200-6225
|
7600
|
Mumbai
|
Lemon New
|
6200
|
6350
|
6300-6325
|
7800
|
Akola
|
Desi Bilty
|
6650-6700
|
6725-6775
|
6700-6725
|
8550-8600
|
Gulbarga
|
Desi
|
6400-6500
|
6400-6500
|
6400-6500
|
8500-8700
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Akola
|
Phatka
|
9000-9200
|
9100-9300
|
9100-9300
|
11800-12000
|
Gulbarga
|
Phatka
|
8900-9300
|
9000-9400
|
8900-9300
|
11200-11600
|
Katni
|
Phatka
|
9300-9400
|
9350-9450
|
9300-9400
|
12000-12100
|
Burma Urad
Prices of Burma Urad FAQ variety fell by Rs 25 at Rs 7,050/100Kg in Mumbai due to thin mills buying as there is slow off-take in Urad dal, liquidity crunch, poor quality arrivals of new Kharif crop and imports from overseas.
Similarly, Burma Urad FAQ-SQ varieties in Chennai dropped each by Rs 50-100 to Rs 6,850/100Kg and Rs 7,800, respectively.
Nafed is liquidating its old stock in Madhya Pradesh-Uttar Pradesh and Rajasthan.
Meanwhile, arrivals of new Kharif Urad was reported poor quality. Millers-traders were interested to purchase good quality new crop. Urad prices are likely to get support at lower rates due to 50-60% damage in quality and yield in new kharif Urad crop due to rain and pest attack during harvesting period.
Maharashtra origin new Urad traded in the range of Rs 6,000-7,500/100Kg, as per quality for Naya bazaar pulses market of Delhi.
Maharashtra origin new Urad traded unchanged at Rs 7,300/100Kg for Guntur delivery.
In the overseas markets, Urad FAQ-SQ varieties are offered at $950 and $1100 per ton on a CNF basis in Burma. Already, direct container and breakbulk vessels carrying urad regularly depart from Yangon for Chennai.
The government extended the free import policy for Tur-Urad till 31 January 2022.
At the same time, it laid down the procedures and modalities for import of 2.5 lakh tonnes of urad from Myanmar for FY 2021-22.
Urad is likely to trade range bound this week as crop damage will limit the losses whereas fresh supply of Kharif crop and imported Urad will cap the prices.
Urad ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai FAQ
|
FAQ
|
7050
|
7075
|
7100
|
8100
|
Chennai
|
FAQ
|
6850
|
6900
|
6950
|
8350-8400
|
Chennai
|
SQ
|
7800
|
7925
|
8050
|
9600
|
Jalgaon
|
Desi
|
7100-7450
|
7175-7400
|
7100-7300
|
7450-8000
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
|
9500-10000
|
9700-10100
|
9600-10000
|
10400-11000
|
Chana Kantewala Indore
Chana prices traded firm by Rs 50 at Rs 5,350/100Kg for the week at Indore amid fresh mills trade activity at lower rates on immediate requirement for crushing.
However, Chana dal and besan demand scenario still remains quiet ahead of Dussehara and Diwali, the prominent Hindu festivals when demand for dal and besan usually remains at peak.
Meanwhile, Nafed is actively liquidating its stocks of Chana at lower rates at various centres.
Nafed sold procured Chana Rabi-2020 at Rs 5,005-5,015/100Kg in Madhya Pradesh on 8th Oct, 2021.
For international origins, Tanzania Chana, both old-new traded unchanged at Rs 4,900/100Kg and Rs 5,050, respectively.
Sudan-Russia origin Kabuli Chickpea also traded almost flat each at Rs 5,450-5,600/100Kg and Rs 4,850, respectively on thin mills buying and fresh supplies of new crop from Sudan. Import of Russian origin was not viable due to high import duty of 40%.
In overseas markets, Australia Chana offered at $630 /MT on CNF basis. However, there disparity in import due to higher import duty of 60%.
Canada 9MM Kabuli Chickpea priced at $1,345/MT, Turkey 8MM at $1,145, Turkey 8.5MM at $1,245 and Turkey 9MM at $1,345. Australia origin Kabuli Chickpea offered at $900/MT.
Indore Kabuli Chana 42-44 & 44-46 counted gained Rs 200 at Rs 9,600/100Kg and Rs 9,450, respectively on fresh trade at lower rates. On other hand, dollar variety Chana priced unchanged at Rs 8,500-9,200.
Chana prices may remain under pressure due to liquidation of old stock by stockiest and big farmers as they intend to shift their position to soybeans which may give better return in near term. But downside from here is limited as we may see pick-up in demand ahead festive period. Seed demand for Rabi sowing will also support Chana prices.
Sowing of Chana began in southern markets from last week.
Chana ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
Tanzania
|
4900-5050
|
4850-5050
|
4950-5125
|
5450
|
Indore
|
Katewala
|
5350
|
5300
|
5350
|
5500-5525
|
Delhi
|
Rajasthan origin
|
5300
|
5350-5375
|
5375-5400
|
5650
|
Akola
|
|
5225-5250
|
5250-5275
|
5275-5325
|
5550-5600
|
Bikaner
|
|
5100
|
5150
|
5200
|
5400-5425
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Akola
|
|
5900-6300
|
6000-6400
|
6000-6500
|
6500-7200
|
Indore
|
|
6200-6500
|
6200-6600
|
6400-6700
|
6500-7000
|
Jaipur
|
|
6025
|
6100
|
6225-6250
|
6500
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
|
3650-3700
|
3650-3700
|
3700-3750
|
3900
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Indore
|
42-44
|
9600
|
9400
|
9550
|
7600
|
|
44-46
|
9450
|
9250
|
9300
|
7450
|
|
Dollar
|
8500-9200
|
8500-9200
|
8500-9200
|
6800-7200
|
Mumbai
|
Sudan
|
5450-5600
|
5450-5600
|
5500-5650
|
5600
|
|
Russia
|
4850
|
4850
|
4950
|
5550
|
Imported Masoor (Mumbai)
Canada crimson variety Masoor along with Australia Masoor at Mumbai fell by Rs 25-50 each at Rs 7,450/100Kg and Rs 7,500, respectively as millers refrained to purchase due to slow offtake in processed Masoor and cheap imported Masoor.
Tracking Mumbai market Canada crimson variety Masoor at Hajira-Mundra port also ruled weak by Rs 50-100 each at Rs 7,250-7,300/100kg and Rs 7,125-7,200, respectively.
However, as per market sources, Nafed is active in buying imported Masoor from private importers. But, cautious trade was reported on fear of government agency may sell procured imported stock at lower rates in future.
As per market sources, Canada crimson variety Masoor traded at $900 per ton for Kolkata and Australia Masoor traded in the range of Rs 910-$920 per ton.
Vessel M V ADVENTURER carrying about 32735 tonnes of Canada red Masoor arrived at Mundra Port arrived on 6th October, according to a shipping agency.
International Masoor markets witnessed mixed tone as exporters continue to face competition from resellers. Relatively large price differences in reported bid and ask prices in India, which remains a focus of markets since base import duties were eliminated on all origins except the United States.
Higher MSP for upcoming Rabi Masoor crop in India will boost plantation. Beneficial rains and higher prices received by farmers for plant year crops will lead to higher sowing in Masoor for the upcoming Rabi crop. In the near term this will boost Seed demand expected from October.
Prices are likely to remain steady to firm as supply from import may slow down as resellers at lower level are making direct import less attractive. At the same time demand for seed for Rabi sowing will help prices to remain firm.
Masoor ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
Canada
|
7450
|
7450-7475
|
7450
|
5301-5325
|
|
Australia
|
7500
|
7550-7575
|
7550
|
5400-5425
|
Mundra
|
Canada
|
7125-7200
|
7250-7300
|
7250-7300
|
5281
|
Hajira
|
Canada
|
7250-7300
|
7275-7350
|
7300-7350
|
5281
|
Kandla
|
Canada
|
NA
|
NA
|
NA
|
NA
|
Kolkata
|
Canada
|
7400-7450
|
7500
|
7550
|
5350-5400
|
|
Australia
|
7550
|
7650
|
7650
|
5550-5650
|
Indore
|
Desi
|
7400-7450
|
7400
|
7450-7500
|
5600-5650
|
Raipur
|
Desi
|
NA
|
NA
|
NA
|
5800-5850
|
Kanpur
|
Desi
|
7800
|
7700
|
7700
|
5925
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Khopoli
|
|
8650-8850
|
8600-8900
|
8600-8900
|
6400
|
Katni
|
|
NA
|
8450-8950
|
NA
|
6400-6600
|
Moong (Jaipur)
New Moong prices traded flat at Rs 6,400-7,200/100Kg at Jaipur market of Rajasthan, as per quality, on subdued demand and ongoing arrivals.
In major producing centres, arrivals of dagi quality were reported and moisture content was higher. No arrival pressure of new Moong was witnessed in major producing centres.
Mozambique origin Moong traded at Rs 6,300/100Kg at Mumbai.
Vessel M V PORTHOS carrying 1,953.900 MT Mozambique Moong and 27,617.625 Mozambique Tur is expected to arrive in coming day at Mumbai port.
Moong to be procured in Rajasthan from 1st November. Online registration to begin from October 20, farmers to get relief from procurement at support price at 868 centres in the state. The Government of India has approved the target of procurement of 3.61 lakh MT of moong, 61807 MT of Urad, 2.93 lakh soybean and 4.27 lakh MT of groundnut.
Centre sanctioned procurement of 6,432 MT Moong in Telangana, 3,367 MT Moong in Tamil Nadu, 30,000 MT in Karnataka, 15,835 MT in Haryana and 1,315 MT in Andhra Pradesh under price support scheme for Kharif 2021-2022.
Moong ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Jaipur
|
|
6400-7200
|
6400-7200
|
6400-7200
|
7900-8000
|
Harda
|
|
NA
|
4000-6970
|
NA
|
5000-8200
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Jaipur
|
|
7500-8500
|
7500-8500
|
7600-8500
|
8700-8800
|
Gulbarga
|
|
8700-8800
|
8700-8800
|
8600-8700
|
9100-9200
|
White Pea (Kanpur)
White Pea prices traded lower by Rs 50-100 each at Rs 5,700/100Kg (40% dal quality) and Rs 6,050 (60% filter quality) at Kanpur market on slack buying support from local and outstation markets despite shortage.
On other hand, Vatana besan and dal remained stable each at Rs 4,800/50Kg and Rs 6,900, respectively.
Canada's 2021-22 dry pea production may fall to 2.5 million tonnes (Mt), down 45 percent from 2020-21 due to lower yield.
Russia origin white Pea are likely to be sourced at $415/MT for Oct-Nov and $425/MT for Nov-Dec.
Activity in white pea market is likely to remain dull as limited stock is available and no fresh supply is expected due to import restriction while demand is restricted due to lower chana prices.
White Pea ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
Canada
|
No Stock
|
No Stock
|
No Stock
|
No Stock
|
Kolkata
|
Canada
|
No Stock
|
No Stock
|
No Stock
|
No Stock
|
Kanpur
|
|
5700-6050
|
5750-6150
|
5750-6150
|
6400
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
|
4800
|
4800
|
4800
|
4000
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
09-Oct-21
|
01-Oct-21
|
25-Sep-21
|
09-Oct-20
|
Mumbai
|
|
6900
|
6900
|
6900
|
7200
|
(By Commodities control Bureau; +91 9820130172)