Pulses Market Report

Tur: The market saw mixed trends due to limited demand for Akola tur dal. A one-sided downtrend continued in the tur market. Heavy selling in lemon tur has weakened domestic and African tur. Supply-Demand Forecast: Production: 2.55 million tons Opening Stock: 0.25 million tons Imports (January-July): 0.4 million tons Total Supply (up to August): 3.2 million tons Total Consumption (up to August): 2.5 million tons Remaining Stock: 0.7 million tons Requirement (August to November): 1.2-1.4 million tons Market Sentiment: Despite the demand-supply gap, the market remains weak due to fears of government intervention. The tur market is facing issues with supply and erratic trade, leading to mill closures. Crop Status: The sowing is generally good but excessive rain in Bulandshahr raises concerns. The flowering stage in tur is crucial and recent rains in September/October have been problematic in the past. Future Outlook: With supply-demand and new tur expected in the next four months, there is hope for price improvement. However, the market sentiment is weak, and the lemon tur speculation is dominating. Tur prices are likely to remain weak if they fall below the 10,325 support level. Limited or need-based trading is advisable. Chana: Strong demand in chana dal and besan led to a ₹325 per quintal increase. The fundamentals are strong due to good demand. Australia Production: Estimated at 1.15 million tons, with trade experts forecasting over 1.5 million tons. Consumption: Highest consumption occurs from August to October, with festivals and wedding seasons boosting demand. Future Outlook: Delhi chana prices are expected to rise to ₹7,800-8,000 if they stay above ₹7,350. Buying on dips is recommended. Kabuli Chana Report: Weak selling and steady demand resulted in a ₹1,500 per quintal increase. The domestic demand remains strong despite weak arrivals. Weak arrivals and festive demand suggest the potential for further strength. Algeria's new tender for Kabuli could be positive for the market if India secures it. Matar Report: Weak demand and excess stock led to a ₹25 per quintal drop. The international market signals are weak, and Canadian and Russian production forecasts are high. Stock: Approximately 7.5-8 million tons in Indian ports. Consumption: About 1.5 million tons per month. Some improvement in prices might occur due to chana's strength. However, the current market shows a downtrend. Urad: Weak demand and expected improvement in supply caused a ₹200 per quintal drop. The domestic demand remains weak, and the supply situation is expected to improve with new arrivals from Maharashtra, Karnataka, and Brazil. Future Outlook: Uncertainty prevails, and significant bullish trends are unlikely until prices go above ₹9,400. Support is expected in the ₹8,800-8,900 range. Masoor Report: Weak demand for masoor and masoor dal led to a ₹50 per quintal drop. Katni masoor is trading below the 50-day moving average and strong support at ₹6,600. Supply-Demand Forecast: International Prices: Falling in Canada and Australia. Nafed Sales: Started sales of domestic and imported masoor. Future Outlook: Continued weakness is expected. Buying on a need basis is advisable. Moong Report: Mixed trends due to limited movement in moong prices. Demand for moong dal is weak, and supply is adequate. Supply-Demand Forecast: New Arrivals: Starting from Karnataka regions with moisture content of 15-20%. Future Outlook: Adequate moong availability suggests waiting for price improvement and quality enhancement. Strong support is at ₹8,500. Significant drops are unlikely unless prices fall below this level.

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