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Week Ahead: Selected pulses prices may remain firm on increased demand

24 Jan 2022 9:58 am
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MUMBAI, 24 January (Commoditiescontrol) Pulses prices stayed mixed last week as bad weather conditions and covid-19 induced restrictions affected business actitivites. However, weather conditions are now improving and fear of new variant of corona is also easing. Therefore, buying trend in the wholesale marekt and retail counters are expected to improve which will support prices of major pulses like tur and urad but chana prices are unlikely to see any big upside as good production is expected after a significant rise in area under current rabi season.

Hence, mixed trend in the prices of pulses may continue for this truncated week as Indian market will remain shut on January 26 for Republic Day celebrations.

Tur-Moong and White Pea prices traded higher last week ended 22nd Jan 2022 amid mills buying activities. While, Urad prices remained weak on thin buying and regular overseas supplies. On other hand, Masoor and Chana-Kabuli Chickpea ruled almost flat due to limited volume.


Past Week’s highlights

# India Rabi Pulse Sowing up 0.9 % as on Jan 21 to 164.35 lakh Ha vs 162.88 last year at the same period.
# India's total acreage of Rabi crops up 1.10% y/y at 679.34 lakh hectare so far.
# Statewise Rabi Pulses Sowing Till Jan 19, 2022.
# Canada's 2022-23 Dry Peas Production Estimated to Rise by 68% y/y to 3.8 million tonnes.
# New technological revolution is empowering India’s agricultural sector : Ashok Dalwai
# Budget 2022 : Govt may incentivize value addition of agricultural produce.
# India Pulses import quantity (MT) during April 2021-December 2021.

Burma Lemon Tur

Tur Lemon variety of Burma-origin moved higher by Rs 100-125 at Rs 6,150-6,175/100Kg in Mumbai amid mills participation despite ongoing domestic arrivals. However, domestic arrivals contain moisture & average quality. Buyers were active in purchasing good quality new Tur in domestic markets.

Moreover, demand in Tur dal was witnessed at prevailing rates from last couple of days.

Forecast of rain and recent rainfall in the major producing areas during harvesting period has damage-delay & shrink new Tur crop. As per the analysts, crop loss would be around 20-30 percent due to rain and this may support its prices.

Vessel M V RISING from Mozambique had discharged 5600 MT till 21st Jan at Mumbai port. Vessel carrying 13,281 MT Mozambique Tur, 601.200 Malawi Tur, 513.625 Mozambique Moong, 3159.206 Mozambique Cowpea.

However, stockiest were cautious and uncertain for long term stocking purpose due to government policies.

Similarly imported variety of other origins, Tanzania origin Arusha and Matwara variety Tur rise at Rs 5,400-5,450/100Kg and Rs 5,250-5,350, respectively. Mozambique origin gajri variety remained higher at Rs 5,300-5,350. Sudan Tur also gained at Rs 6,400-6,450. Malawi Tur also ruled higher at Rs 4,800-4,900.

In domestic market, new Tur gained by Rs 200 during the week to close at Rs 6,800-6,850/100Kg in bilty trade at benchmark market Akola.

In the overseas markets, Tur Lemon-Linkhey varieties traded firm each at $825 per ton, respectively on a CNF basis in Burma amid India buying activity.

India buyers has purchased some quantity of Tur Lemon new crop 2022 cargo at $700 per metric ton on FOB basis shipment against January end for Chennai.


Tur ( Prices In Rs /100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

Lemon

6150-6175

6050

6100

5950

Akola

Desi Bilty

6800-6850

6600-6625

6625-6650

6050-6100

Gulbarga

Desi

6500-6600

NA

6200-6500

5800-6000

Tur Dal ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Akola

Phatka

9100-9300

9300-9500

9000-9200

8600-8800

Gulbarga

Phatka

9100-9600

NA

8800-9200

8600-9000

Katni

Phatka

9300-9400

9100-9200

8900-9000

8550-8650



Burma Urad

Prices of Burma Urad FAQ variety extended fall by Rs 50 at Rs 6,500/100Kg in Mumbai on slack mills buying due to liquidity crunch as there is slow off-take in Urad dal-gota variety, regular imports from overseas due to extension of restriction free imports till June 2022. Moroever, good crop estimates for Burma.

Similarly, Burma Urad SQ variety in Chennai eased by Rs 25 at Rs 6,225/100Kg and Rs 6,700, respectively. On other hand, FAQ variety ruled flat at Rs 6,225.

India 2021-22 Rabi Urad acreage was down 7.44 %, as on Jan 19, at 7.22 Lakh Ha Vs 7.8 Last Year.

Meanwhile, average quality regular arrivals of Urad witnessed at Uttar Pradesh and Madhya Pradesh. Arrivals of new Urad likely to began in districts of Andhra Pradesh and also from Tamil Nadu in near future.

In the overseas markets, Urad FAQ-SQ varieties priced at $810 and $895 per ton on a CNF basis in Burma. Meanwhile, India buyers inactive in Urad at prevailing rates. India buyers has already purchase some quantities of Urad against January end shipment for Chennai.


Meanwhile, India buyers inactive at prevailing rates. Buyers from India were interested to purchase Tur-Urad at lower rates. India buyers has already purchase some quantities of Tur-Urad against January end shipment for Chennai.


Urad ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai FAQ

FAQ

6500

6550

6600

7550

Chennai

FAQ

6225

6225

6300

7550

Chennai

SQ

6700

6725

6800

8500-8550

Jalgaon

Desi

6300-6950

6600-7200

6600-7150

7500-7600

Urad Dal ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

8800-9700

8800-9800

8800-9600

9900-10900


Chana Kantewala Indore

Chana prices remained unchanged at Rs 5,050/100Kg for the week at Indore due to limited mills purchase.

India 2021-22 Rabi Chana acreage was up 3.9 %, as on Jan 21, at 113.3 Lakh Ha Vs 109.05 Last Year.

Meanwhile, action in Chana dal and besan was reported thin.

However, availability of good quality old Chana was less in market. Also, Nafed liquidate procured old Chana was also average quality.

Forecast of rain was reported at Chana producing centers, such as Madhya Pradesh, Rajasthan, Gujarat and Maharashtra.

Arrivals of new Chana witnessed at few markets of Maharashtra, Gujarat and Madhya Pradesh.

Harvesting of new Chana likely to begin in near future at southern markets and Maharashtra. New chana crop expected to be good in Gujarat-Karnataka & Maharashtra (Vidarbha).

Government agencies liquidating procured stocks and lockdown fear due to spread of Omicron will keep prices under pressure.

Stockists and farmers holding Chana stock were active to liquidate procured stock at every rise as quality was affected and also due to cash crunch.

On other hand for international origins, Tanzania Chana, declined by Rs 50 at Rs 4,600/100Kg, respectively amid thin buying, overseas supplies, new domestic arrivals witnessed in Maharashtra.

Russia and Sudan Kabuli Chickpea priced almost unchanged each at Rs 4,650-4,700/100Kg and Rs 5,050-5,300 on mills purchase despite supplies from Sudan. However, import of Russian origin was not viable due to high import duty of 40%.

Indore Kabuli Chana 42-44 & 44-46 count dropped each by Rs 200 at Rs 8,600/100Kg and Rs 8,500, respectively. Dollar variety Chana also traded weak by Rs 200 in the range as per quality at Rs 8,000-8,500.


Chana ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

Tanzania

4600

4650-4700

4600-4650

4325

Indore

Katewala

5050

5050

5000-5125

4550-4575

Delhi

Rajasthan origin

5150-5175

5175-5200

5150-5175

4725-4750

Akola

4975-5000

5025-5050

5000-5025

4450-4500

Bikaner

4900

4900

4900

4500-4525

Chana Dal ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Akola

6000-6300

6100-6400

6100-6400

5400-5800

Indore

6000-6500

6200-6500

6000-6400

5500-6100

Jaipur

5775

5750

5700

5300

Chana Besan ( Prices In Rs / 50Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

3475-3525

3475-3525

3475-3525

3450

Kabuli Chana ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Indore

42-44

8600

8800

9050

6450

44-46

8500

8700

8950

6300

Dollar

8000-8500

8000-8700

8000-8700

5800-6200

Mumbai

Sudan

5050-5300

5050-5300

5100-5300

4350-4500

Russia

4650-4700

4600-4700

4650-4700

4425




Imported Masoor (Mumbai)

Canada crimson variety Masoor and Australia Masoor at Mumbai were steady each at Rs 7,150-7,200/100Kg and Rs 6,950-7,300, amid limited mills purchase as offtake in processed Masoor is thin, Nafed active for sale of imported and domestic Masoor at various centers

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

Meanwhile, stock of imported Masoor were higher compare to domestic Masoor stock. Prices of imported Masoor were higher at international market and disparity in import. Importers were less interested to sell stock at lower rates.

Ranfall-hail and forecast of rain was reported in major Masoor producing belt likely to support prices.


Masoor ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

Canada

7150-7200

7150-7200

7200

5025-5100

Australia

6950-7300

6950-7300

6951-7300

5200

Mundra

Canada

7075

7050-7075

7075

4975-5000

Hajira

Canada

7100

7075-7100

7125

5000

Kandla

Canada

NA

NA

NA

4950

Kolkata

Canada

7250-7300

7300

7250

4950-5100

Australia

7300-7350

7400

7350

5100-5200

Indore

Desi

7400

7200-7250

7200-7250

5100-5125

Raipur

Desi

NA

NA

NA

NA

Kanpur

Desi

7725

NA

7550

5350

Masoor Dal ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Khopoli

8500-8600

8500-8600

8500-8600

6150

Katni

NA

8250-8700

8300-8700

5850-6125



Moong (Jaipur)

New Moong prices firmed by Rs 50 at Rs 6,100-6,850/100Kg at Jaipur market of Rajasthan, as per quality, due to millers buying activity on immediate requirement for crushing despite ongoing domestic arrivals in Rajasthan - Madhya Pradesh and overseas supplies.

Nafed also active to liquidate procured stock in Madhya Pradesh, Tamil Nadu and Rajasthan.

On other hand, Rajasthan origin new Moong traded at Rs 4,500-6,750/100Kg, as per quality, at Naya bazaar pulses market of Delhi.

India 2021-22 Rabi Moong acreage was down 20.85 %, as on Jan 19, at 4.67 Lakh Ha Vs 5.9 Last Year.

India government had given extension of restriction-free imports of Moong till June 2022.


Moong ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Jaipur

6100-6850

6100-6800

6100-6900

7100-7500

Harda

NA

Closed

Closed

5200-8400

Moong Dal ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Jaipur

7500-8600

7500-8500

7500-8500

8000-8100

Gulbarga

8500-8600

NA

8600-8700

9300-9400



White Pea (Kanpur)

White Pea prices ruled higher each at Rs 6,300/100Kg (40% dal quality) and Rs 6,600 (60% filter quality) at Kanpur market on good buying support from local and outstation markets and shortage.

On other hand, Vatana besan and dal remained stable each at Rs 4,800/50Kg and Rs 6,900, respectively.

Canada's 2022-23 dry peas production is estimated to rise by 68 percent from 2.26 million tonnes (Mt) in 2021-22 to 3.38 million tonnes, according to AAFC’s latest outlook report, published on January 21.


White Pea ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

Canada

No Stock

No Stock

No Stock

NA

Kolkata

Canada

No Stock

No Stock

No Stock

NA

Kanpur

6300-6600

NA

5950-6200

6200

White Pea besan ( Prices In Rs / 50Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

4800

4800

4800

4300

White Pea Dal ( Prices In Rs / 100Kg )

Market

Variety

22-Jan-22

15-Jan-22

08-Jan-22

22-Jan-21

Mumbai

6900

6900

6900

8000



(By Commodities control Bureau; +91 9820130172)


       
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