MUMBAI (Commoditiescontrol) – Tur and Urad prices declined for the week ended Saturday (June 18-23) amid dull millers' buying as sale counters in processed pulses were reported limited.
Upcoming overseas supply and liquidation of procured stock by the government also weighed on sentiments. While, Chana, Masoor, White Pea and Moong prices remained steady on thin trade volume.
Week Highlights
# India Kharif Pulses Sowing Down 24.42 % As On June22 At 5.91 Lakh Ha Vs 7.82 Last Year. Tur : 1.70 Vs 3.08, Urad : 0.83 Vs 1.44, Moong : 2.02 Vs 2.05, Other Pulses: 1.05 Vs 1.10.
# IMD: Conditions Favourable For Further Advance Of Southwest Monsoon On Some More Parts Of Maharashtra, Chattisgarh, Odisha, West Bengal, South-Gujarat, Jharkhand, Bihar, Madhya Pradesh During Next 2 Days.
# Canada Matar Supply-Demand 2018-19 Vs 2017-18 (LT). Output:38.5 Vs 41.1 , Import:0.15 Vs 0.12, Export:28 Vs 27, Domestic Use:1.16 Vs 1.02, End Stock:6 Vs 7.
# Canada Masur Supply-Demand 2018-19 Vs 2017-18 (LT). Output:25 Vs 25.59, Import:0.5 Vs 0.4, Export:18 Vs 15, Domestic Use:6 Vs 6.14, End Stock:9.5 Vs 8.
# Maharashtra Government To Sell 2.52 LT Tur Procured In Kharif 2016-17, On An Immediate Basis Through Open Tender. A Committee Under NAFED MD Constituted To Decide Selling Rate.
# IMD: India June 1-20 Rainfall Weak By 7%. India May Face Rain Deficiency In Sept As Monsoon Faces El Nino Threat.
# PTI: India Has raised import duty on U.S (America) Chana/Kabuli Chana From 60% To 70% and 40% On Masoor from 30% effective from Aug 4.
# Millers Stop Selling Dal To Vashi APMC Market As Per Mumbai Delivery.
# Madhya Pradesh Market Closed From June 21-23 To Protest Against Online Trading Platform E-Nam.
# Transport Associations Called Indefinite Strike From June 18.
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Burma Lemon Tur:
Tur Lemon variety of Burma origin declined by Rs 100 at Rs 3,450/100kg amid lacklustre trade activity as sale counters in tur dal were reported limited followed by forecast of revival of monsoon from June 24 by India weather department.
Maharashtra government's decision to offload 2.52 lakh tonnes of tur, procured in kharif 2016-17, in line with other state governments and further imports, allowed by the Centre in limited quantity for FY 2018-19 at cheaper rates mainly dampened the sentiments.
Moreover, millers' preference to crush old crop and average quality tur, purchased from government at lower rates supported weakness.
In Mumbai, Mozambique origin white tur was also remained weak by Rs 75 at Rs 3,150/100Kg, While, red tur priced unchanged at Rs 2,875/100Kg.
Similarly, domestic new tur in bilty trade at Akola traded lower by Rs 150 at Rs 3,825-3,850/100Kg.
India Kharif Pulses Sowing Down 24.42 % As On June22 At 5.91 Lakh Ha Vs 7.82 Last Year.Tur : 1.70 Vs 3.08.
Statewise Kharif Tur Sowing Down 44.85 % As On June 20 Vs Last Yr (LAKH HA). Karnataka :0.90Vs 1.95, Maharashtra:0.13 Vs 0.11, Uttar Pradesh:0.35 Vs 0.30, Gujarat:0.05Vs 0.08, Telangana:0.15 Vs 0.48, Andhra Pradesh:0.01 Vs 0.03. Total:1.70 Vs 3.08.
In Kanpur, Maharashtra origin (Hinghanghat/Nagpur), tur dal new Phatka Sortex quality declined by Rs 100 at Rs 5,500, new semi-Sortex at Rs 5,400, new regular variety at Rs 5,300 respectively due to negligible buying as sellers were active in the market.
Latur origin new Phatka variety priced lower at Rs 5,500-5,700/100kg on dull trade. Jalna origin new phatka variety also quoted weak at Rs 5,800-6,100/100Kg. Gujarat origin Wasat Phatka variety also down at Rs 6,000-6,300/100Kg.
Dal mills have stopped selling processed pulses to the APMC market, Vashi as per Mumbai delivery since June 10. The associations have however allowed their members to sell only as per spot conditions. As per sources, the ongoing spat between dal mills and APMC is likely to continue ahead as traders of APMC market are insisting on purchasing dal from mills as per Mumbai delivery as they don't want to incur losses related to theft and transportation with trade under spot conditions. But, on the other hand, millers are adamant to sell their stock with spot conditions.
Burma Urad:
In Mumbai, Burma urad FAQ variety remained weak by Rs 25 at Rs 3,200/100Kg due to dull buying, liquidation of procured stock by government agencies, adequate stock position and upcoming supply from Burma in July month at cheaper prices.
Moreover, demand for processed urad from consumption centres remained lacklustre at prevailing rates.
As per market talk, prices may get support in future as the delayed monsoon has narrowed the time period for sowing which may reduce area under the crop in this kharif season.
Bikaner origin branded Urad dal offered at Rs 4,300-4,600/100Kg. Tiranga brand of Mumbai at Rs 5,000/100Kg.Parivar brand of Jalgaon at Rs 4,700/100Kg.
At Chennai, Urad SQ/FAQ new variety godown stock moved up in ready delivery at Rs 4,800/100Kg and Rs 3,700, respectively amid millers trade activity. However, sellers were interested to liquidate their stock at higher rates in the market.
Urad SQ/FAQ variety quoted firm by Rs 50-100 at Rs 4,100/100Kg and Rs 3,100, respectively for whole July delivery. Urad SQ/FAQ offered at Rs 3,950/100Kg and Rs 2,950, respectively for whole August delivery.
Although millers/traders in Chennai have good stock of domestic urad, purchased from other states at higher cost, but, now millers in Chennai are active to procure Urad FAQ variety at cheaper rates in forward business rather than buying domestic urad from Madhya Pradesh/Uttar Pradesh and Rajasthan.
According to market sources, a vessel from Burma is expected to load around 250 containers (1 container =24MT) of Urad for Chennai (India) on 23rd June and another vessel with around 250 containers on 2nd July.
Statewise Kharif Urad Sowing Down 42.36 % As On June 20 Vs Last Yr (LAKH HA). Karnataka:0.38 Vs 0.62, Maharashtra:0.04 Vs 0.05, Telangana:0.01 Vs 0.06, Andhra Pradesh:0.03 Vs 0.08, Tamil Nadu:0.10 Vs 0.26, Uttar Pradesh:0.07 Vs 0.02, Uttrakhand:0.16 Vs 0.19. Total:0.83 Vs 1.44.
Chana Kantewala (Indore):
At Indore market, Chana prices eased at Rs 3,600-3,625/100Kg due to slow trade activity as major market of Madhya Pradesh were closed from June 21-23 to protest against online trading platform E-Nam.
Sales counters in processed chana and besan were still few at existing prices. But, price difference between chana and white pea has been reduced and likely to support chana prices in near future.
Australia origin Chana in ready business at Mumbai eased at Rs 3,350/100kg on negligible trade due to average quality. While, the pulse remained unchanged at Rs 3,450 in Mundra port.
At National Commodity and Derivatives Exchange (NCDEX), Chana July month contract settled lower 0.7 per cent or Rs 23 at Rs.3,484/100Kgs. Earlier in the day, the contract moved in the range of Rs.3,473 and Rs.3,518.
Chana stocks at NCDEX accredited warehouses stood at 48,543 metric tonnes as on 21st June, down from 49,810 metric tonnes in the previous session, the exchange data showed. Akola:45390, Bikaner 1996, Jaipur 1157.
Technically, for NCDEX Chana July Contract, traders short and holding the same can maintain the stop loss at 3545. Cover short position at 3507 or below. Sell on fall below 3438 with high of the day stop loss or 3507 whichever is higher.
Australian chana dal offered unchanged at Rs 4,000/100 Kg amid slow trade activity due to dispute. Domestic chana dal of Pistol brand also priced flat at Rs 4,200, Samrat brand at Rs 4,600 and Angel brand at Rs 4,500. Similarly, Chana besan also remained steady at Rs 2,631/50Kg. Vatana besan traded stable at Rs 2,161/50 Kg. Vatana dal at Rs 3,750.
Kabuli Chana of 42-44 and 44-46 counts traded higher by Rs 100 at Rs 5,750/100Kgs and Rs 5,550, respectively at Indore due to fresh buying interest from local and upcountry at prevailing rates and no arrivals due to traders strike.
In dollar term, Kabuli chana 42-44 count priced at $900 per tonne FOB basis Kandla/Nhava-Sheva in ready shipment, while 44-46 count Kabuli chana quoted at $870 per tonne FOB Kandla/Nhava-Sheva. Domestic chana priced at $525 per tonne FOB basis Kandla/Nhava-Sheva.
Kabuli Chana dollar variety priced at Rs.4,500-5,300/100Kgs as per quality at Indore on thin trade.
Imported Masoor (Mumbai):
Canada origin masoor in Container and vessel along with Australia Masoor stayed steady in Mumbai amid limited millers' buying support despite no supply pressure from overseas and slow arrivals of domestic crop.
Canada crimson variety masoor in container and vessel traded at Rs 3,800-3,900/100Kg and Rs 3,800, respectively. Stock of Canada masoor old in vessel was low and offered as per quality.
Similarly, Australia Masoor nugget variety ruled unchanged at Rs 4,000-4,100/100Kg as per quality against limited stock.
However, demand in processed Masoor was reported limited from consumption centers. Canada Masoor Khopoli spot priced at Rs 4,550/100Kg.
In forward business, Canada crimson variety masoor offered at $410 per ton in container on CNF basis Nhava- Sheva for July-August shipment. Australia nugget variety masoor offered at $440 per ton in container on CNF basis Nhava- Sheva for July-August shipment.
NAFED Procures (Rabi 2018) 234724.89 MT Masoor As On 20 June At MSP Prices Of Rs 4250. Madhya Pradesh:228854.66, Uttar Pradesh:5870.23.
Imported White Pea (Mumbai):
Imported White Pea of all origins, such as Canada, Russia and Ukraine at Mumbai port remained steady during the week.
Canada White Pea offered at Rs 3,300-3,425/100Kg at Mumbai, Rs 3,271-3,300 at Mundra and Rs 3,325-3,350 at Hajira port. Russia origin Baltic variety quoted at Rs 3,200-3,225 at Mumbai and Rs 3,171 in Mundra. Ukraine White Pea priced at Rs 3,221 at Mumbai and Rs 3,250 at Hajira.
The prices are expected to rule firm due to reducing stock and low supply pressure from overseas in the wake of quantitative restriction imposed by the Indian government.
Vessel M V PANDA carrying 30000 tonnes of Canada White Pea is expected to arrive at Mundra port on June 24.
Vessel M V BULKTEC carrying 13000 tonnes of Ukraine White Pea is expected to arrive at Kolkata port on June 23. Vessel already discharged about 15000 tonnes at Tuticorin port.
Vessel M V PICTOR carrying 28787 tonnes of Ukraine White Pea is expected to arrive at Kolkata port on June 28. Vessel already discharged about 20000 tonnes at Hajira port on June 20.
In dollar term, Canada White Pea traded around $300-$315 per ton on CNF basis. While, Russia/Ukraine around $270-$275 per ton on CNF basis.
Moong (Jaipur):
Moong prices quoted steady at Rs 4,800-5,000/100Kg as per quality in Jaipur market during the week on thin millers' buying at prevailing rates.
Similarly, Moong dal prices also ruled unchanged at Rs 5,900-6,000/100Kg as per quality.
According to market sources, prices of moong are likely to trade range-bound due to adequate stock position and regular supplies of summer crop in Madhya Pradesh.
Meanwhile, government agencies are also active to sale their procured stock in Rajasthan, Madhya Pradesh, Andhra Pradesh, Karnataka and Maharashtra.
Statewise Kharif Mung Sowing Down 1.5 % As On June 20 Vs Last Yr (LAKH HA). Karnataka:1.72 Vs 1.58, Maharashtra:0.02 Vs 0.05, Rajasthan:0.06 Vs 0.03, Tamil Nadu:0.10 Vs 0.11, Andhra Pradesh:0.03 Vs 0.03, Telangana:0.06 Vs 0.18, Total:2.02 Vs 2.05.
(By Commoditiescontrol Bureau; +91-22-40015513)
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