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Week Ahead: Pulses Prices to head southward amid selling pressure

25 Oct 2021 8:26 am
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MUMBAI, 25 Oct (Commodities control) – Prices of major imported pulses, such as Tur, Urad, Masoor, Chana, Kabuli Chickpea, Moong and White Pea headed southward for the week ended 23 Oct 2021 due to thin buying carried out by mills while overseas supplies continued. Selling pressure is likely to continue ahead of Diwali, following which prices may fall further this week.

The millers, traders, stockiest as well as the farmers will be active in liquidating their stocks before Diwali to meet their financial needs, said the market analysts.





Meanwhile, action in processed pulses witnessed below expectation last week despite vegetable prices are reportedly soaring and festive season is going on.

However, millers were active to sell processed pulses to government agency in tender for civil supply. Also, government agencies invited bids for milling-packaging pulses stock.



Pulses prices are not gaining much support from reports of crop loss this kharif season due to weather fury. Urad and Moong are reportedly affected due to excess rain in Sep-Oct and most of the new crops arriving in the market are poor in quality.

Past Week’s highlights

#
India's Rabi pulses sowing was down by 35.32% as on October 22 to 3.04 lakh hectare vs 4.7 lakh hectare during the same period last year.

# India's Total Acreage of Rabi Crops up 5% y/y at 21.37 lakh hectare so far, driven by higher acreage in case of oilseeds and coarse cereals.
# Canada's 2021-22 Dry Pea Production may Fall 45% y/y to 2.5 million tonnes.
# TNCSC issues e-tender to purchase 60000 MT Tur Dal/Masoor Dal/Masoor.
# Rajasthan CM directs officials to conduct assessment of crop loss due to unseasonal rains.
# Pulses market may see firm demand on vegetable price hikes.
# Pulses arrived at JNPT in September month.



Burma Lemon Tur


In imported variety, Tur Lemon variety of Burma-origin (new) traded lower by Rs 200 last week at Rs 6,050/100Kg in Mumbai
due to thin participation from millers.


Similarly, Tanzania origin Arusha variety Tur ruled weak at Rs 5,400/100Kg. Also, Matwara variety Tur declined at Rs 5,350.Mozambique origin gajri variety priced lower at Rs 5,300-5,350/100Kg. Sudan Tur also offered down at Rs 6,250-6,350.


Availability of African Tur-Tur dal at lower rates in ready business due to average quality and also regular overseas supplies from Africa at cheaper rates are likely to keep prices under pressure, as per the market observers.


In domestic market, Tur slipped by Rs 200 during the week to close at Rs 6,400-6,450/100Kg in bilty trade at benchmark market Akola.


In overseas markets Tur Lemon and Linkley varieties offered each at $840 /MT and $850/MT, respectively on CNF India basis in Yangon market.


Vessel M V ETERNITY C from Africa was to be discharged 29,615 MT till 22nd Oct at Mumbai port. Vessel is carrying 6,853.704 MT Malawi Tur and 25,385.307 MT Mozambique Tur.

Vessel M V PORTHOS from Africa was to be discharged 16,500 MT till 22nd Oct at Mumbai port. Vessel is carrying 1,953.900 MT Mozambique Moong and 27,617.625 Mozambique Tur.


Moreover, stockists and farmers holding Tur stock are now active to liquidate stock.

But, harvesting of Tur is likely to be delayed at least 15-20 days from normal period.

The government extended the free import policy for Tur-Urad till 31 January 2022.


Tur ( Prices In Rs /100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

Lemon Old

NA

NA

6100

NA

Mumbai

Lemon New

6050

6250

6200

6900

Akola

Desi Bilty

6400-6450

6600-6650

6650-6700

7400-7450

Gulbarga

Desi

6300-6400

6300-6500

6400-6500

7500-7700

Tur Dal ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Akola

Phatka

9000-9200

9000-9200

9000-9200

10500-10700

Gulbarga

Phatka

8800-9200

8900-9300

8900-9300

10500-11000

Katni

Phatka

9100-9200

9250-9350

9300-9400

10700-10900



Burma Urad

Prices of Burma Urad FAQ variety eased 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, increased arrivals of new Kharif crop and imports from overseas.

Similarly, Burma Urad SQ variety in Chennai fell by Rs 25-50 at Rs 7,750/100Kg. While, FAQ variety traded unchanged at Rs 6,900.

Moreover, Nafed is liquidating its old stock in Madhya Pradesh.



Meanwhile, increased arrivals of new Kharif Urad is being witnessed in domestic market as weather is clear now. However, quality is the major concerns as Urad arriving in the local market is mostly of damaged, discolored or dagi quality and good quality of crop arriving in the market is very low, said the trade sources. The millers and traders are seen more interested to buy good quality of new crop.



Urad prices are likely to get support in coming days as crop damage is estimated around 50-60%, because, quality and yield both affected due to rains and pest attack during harvesting period.


Maharashtra origin new Urad traded in the range of Rs 6,000-7,200/100Kg, as per quality for Naya bazaar pulses market of Delhi.

Maharashtra origin new Urad traded at Rs 7,400/100Kg for Guntur delivery.


In the overseas markets, Urad SQ-FAQ varieties priced at $1070 per ton and $930 per ton on a CNF basis in Burma. No actual trade in any pulses was witnessed as no overseas buyers active. Pulses price movement was reported due to movement of local currency against US dollar.

Myanmar Kyat was trading 1875 Vs 1920 last week (16th Oct) against the US dollar in the local market.
.

Already, direct container vessels carrying urad regularly depart from Yangon for Chennai.

The government of India has extended the free import policy for Tur-Urad till 31 January 2022.

The government laid down the procedure and modalities for import of 2.5 lakh tonnes of urad and 1 lakh tonne of tur from Myanmar for FY 2021-22.


Urad ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai FAQ

FAQ

7050

7075

7050

7800

Chennai

FAQ

6900

6900

6850

8000

Chennai

SQ

7750

7775-7800

7800

9100

Jalgaon

Desi

7250-7600

7200-7550

7100-7450

7450-7900

Urad Dal ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

9400-10000

9400-10000

9500-10000

10300-10800


Chana Kantewala Indore



Chana prices extended fall by Rs 100-150 at Rs 5,150-5,200/100Kg for the week at Indore amid thin mills trade activity.

Meanwhile, demand in Chana dal and besan witnessed below expectation ahead of the festival season from retail counters.

Moreover, stockists and farmers holding Chana stock are now active to liquidate stock.

Nafed is actively liquidating its stocks of Chana at various centres. However, Nafed old procured Chana stock of R-2018 and R-2019 was reported negligible in Madhya Pradesh and quality of R-2020 was average.

India 2021-22 Rabi Chana acreage was down 40.21%, as on Oct 22, at 2.32 Lakh Ha Vs 3.88 Last Year.

Rabi sowing in Rajasthan up 81.32 percent 2021-2022 season, according to state agriculture department as on 18 Oct, 2021.Chana sowing down 58.48%.

For international origins, Tanzania Chana, both new traded lower by Rs 75 at Rs 4,925/100Kg. While, old variety ruled flat at Rs 4,800.


Sudan-Russia origin Kabuli Chickpea declined each by Rs 100-150 to Rs 5,100-5,200/100Kg and Rs 4,700-4,900, respectively on slack mills buying, following weak trend in Chana and supplies of new crop from Sudan. However, Import of Russian origin was not viable due to high import duty of 40%.


Indore Kabuli Chana 42-44 & 44-46 counted drifted down Rs 450 at Rs 9,200/100Kg and Rs 9,050, respectively on dull trade. Similarly, dollar variety Chana priced lower by Rs 400 at Rs 8,500-9,000.

Chana prices may get some support at lower rates from festive demand and anticipation low acreage in the ongoing rabi season as farmers are seen taking more interest in cultivation of mustard seed and they may divert some areas of chana to mustard seed farming.


Chana ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

Tanzania

4800-4925

4800-5000

4900-5050

5200

Indore

Katewala

5150-5200

5300

5350

5250-5275

Delhi

Rajasthan origin

5150-5175

5350

5300

5250-5275

Akola

5050-5075

5200-5225

5225-5250

5200-5250

Bikaner

4900

5100

5100

5100

Chana Dal ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Akola

5900-6300

5900-6300

5900-6300

6200-7000

Indore

6000-6300

6000-6300

6200-6500

6400-6800

Jaipur

5900

6000

6025

6275

Chana Besan ( Prices In Rs / 50Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

3675-3725

3650-3700

3650-3700

3750

Kabuli Chana ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Indore

42-44

9200

9650

9600

7050

44-46

9050

9500

9450

6900

Dollar

8500-9000

8500-9400

8500-9200

6200-6700

Mumbai

Sudan

5100-5200

5250-5350

5450-5600

5400

Russia

4700-4900

4850-5000

4850

5300



Imported Masoor (Mumbai)

Canada crimson variety Masoor along with Australia Masoor at Mumbai declined by Rs 150 each at Rs 7,300/100Kg and Rs 7,375, respectively amid thin mills purchase as offtake in processed Masoor is thin and overseas supplies.

Tracking Mumbai market Canada crimson variety Masoor at Hajira-Mundra port also ruled weak by Rs 200 each at Rs 7,100-7,175/100kg and Rs 7,025-7,075, respectively.

Vessel M V DARYA PADMA carrying about 26000 tonnes of Canada red Masoor arrived at Vizag Port on 20th Oct, 2021, according to a shipping agency.

As per market view, decline in domestic stock, weak availability of imported crop, higher crop prices at international market and new crop about four months away, bearish sentiment in masoor appears unlikely in near future.


Masoor ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

Canada

7300

7450

7450

5161-5225

Australia

7375

7500

7500

5325

Mundra

Canada

7025-7075

7250-7300

7125-7200

5141

Hajira

Canada

7100-7175

7300-7350

7250-7300

5161

Kandla

Canada

NA

NA

NA

NA

Kolkata

Canada

7300

7450

7400-7450

NA

Australia

7450

7550

7550

NA

Indore

Desi

7400

7450

7400-7450

5500

Raipur

Desi

7300

7400-7450

NA

5500

Kanpur

Desi

7650

7700

7800

5800

Masoor Dal ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Khopoli

8600-8700

8650-8750

8650-8850

6400

Katni

NA

NA

NA

6250-6450



Moong (Jaipur)

New Moong prices traded weak by Rs 50 at Rs 6,500-7,200/100Kg at Jaipur market of Rajasthan, as per quality, due to thin millers purchase and increase in arrivals of new crop at producing centers.

Moreover, offtake in processed Moong was reported thin.

Mozambique origin Moong priced at Rs 6,200-6,250/100Kg at Mumbai.

Vessel M V PORTHOS from Africa had discharged 16,500 MT till 22nd Oct at Mumbai port. Vessel is carrying 1,953.900 MT Mozambique Moong and 27,617.625 Mozambique Tur.


Rajasthan origin new Moong traded in the range of Rs 4,500-6,500/100Kg, as per quality, at Naya bazaar pulses market of Delhi.

Regular overseas supplies of imported Moong at cheaper rates has kept prices under pressure.


Moong ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Jaipur

6500-7200

6500-7250

6400-7200

7500-7600

Harda

NA

4000-7150

NA

5500-8350

Moong Dal ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Jaipur

7500-8500

7600-8500

7500-8500

8400-8500

Gulbarga

8800-9000

8900-9000

8700-8800

9300-9400



White Pea (Kanpur)

White Pea prices widened losses by Rs 200 each at Rs 5,450/100Kg (40% dal quality) and Rs 5,800 (60% filter quality) at Kanpur market on dull 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, according to AAFC’s latest outlook report, published on Oct 20.

Activity in white pea market is likely to remain thin 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

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

Canada

No Stock

No Stock

No Stock

6300

Kolkata

Canada

No Stock

No Stock

No Stock

No Stock

Kanpur

5450-5800

5650-6000

5700-6050

6150

White Pea besan ( Prices In Rs / 50Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

4800

4800

4800

3900

White Pea Dal ( Prices In Rs / 100Kg )

Market

Variety

23-Oct-21

16-Oct-21

09-Oct-21

23-Oct-20

Mumbai

6900

6900

6900

7100



(By Commodities control Bureau; +91 9820130172)


       
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