Pulses Report

Due to weak demand from pulse mills, the prices of arhar and urad continued to decline in the domestic market, while the prices of moong and lentils remained stable. Slight softening was recorded in chana due to limited demand from mills. Heavy rain and hailstorm occurred at many places in Maharashtra and Gujarat during the last 24 hours, causing damage to crops. There has been huge damage due to heavy rains and hailstorm in Nashik, Maharashtra, although there has been light rain in Amravati and Akola, which will benefit the crops. According to the Meteorological Department, there is a possibility of light to moderate rain in East Rajasthan, Madhya Pradesh, North Central Marathwada, Vidarbha and Chhattisgarh from 27 to 29 November. Prices of imported urad had weakened last week. Hence, due to continued selling in the domestic market, urad prices remain weak. The arrival of new urad will increase in the mandis of Uttar Pradesh, Andhra Pradesh, Tamil Nadu and Telangana in December. Also in Burma there is a small harvest in December. In such a situation, pulse mills are purchasing only as per requirement. However, due to the consumption season, South Indian demand for urad dal is expected to remain, while the arrival of good quality local urad in the producer markets is decreasing. Therefore, its price is expected to fall further. However, now the outstanding stock of urad in Burma is only one to 1.25 lakh tonnes. Pigeon pea prices continued to decline in the current week. According to traders, the arrival of new pigeon pea in the markets of Karnataka as well as Maharashtra has put pressure on its prices. However, the pressure of new arrivals in the mandis of these states will build only in December. Anyway, due to the impact of adverse weather, there is a possibility of reduction in the production estimates of Pigeon pea in these states, and due to the consumption season, the retail and wholesale demand of Pigeon pea is expected to remain in the coming days. Import of pigeon pea from Burma as well as African countries is expensive. In such a situation, the ongoing decline in its prices may stop. Madhya Pradesh chana prices became stable, while Rajasthani chana prices weakened by Rs 25. According to traders, the prices of gram had weakened last week, but now the selling is coming at lower prices. Therefore, there is no hope of much slowdown in gram now. Anyway, the outstanding stock of gram is left in limited quantity in the producing states. Besides, due to stock limit, the supply of pulses mills is tight. The new crop of gram will arrive only in February, March. Due to it being the consumption season, the demand for gram dal and gram flour will still remain. Apart from buffer stock and other welfare schemes, NAFED has only limited quantity of gram stock left to sell in the open market. Prices of indigenous as well as imported lentils remained stable in Mumbai. According to traders, lentils have recently been imported from Canada in large quantities, due to which its prices had declined last week. However, traders are not yet in favor of a big decline in lentils, because due to the consumption season, the demand for lentils from Bihar, Bengal and Assam will increase in the coming days. Only limited quantity of local lentils is arriving in the markets of Uttar Pradesh and Madhya Pradesh. Anyway, only limited quantity of outstanding stock of desi lentils is left with the farmers in the producing states. Therefore, stockists and importers do not want to sell by reducing the price. Moong prices stable. According to traders, demand for moong dal will remain as it is the consumption season, and sowing of moong has reduced in the current season. Anyway, due to severe lack of rain in August, the per hectare productivity of Kharif moong is lower than last year. Although the daily arrival of new moong in the producing states remains the same, NAFED is continuously selling moong in Rajasthan as well as Madhya Pradesh. Therefore, the chances of a big one-sided rally are less.

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