Latest News - Pulses

Pulses: Over all view for Pulses

August 14, 2017 at 8:58 AM , Rainbow Exports
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Pulses: few have good potential and few has no hope

Domestic Gram (Desi Chick peas/Tyson Peas) : Not going to be higher

The price of the spot in the future Trade has increased by US$20 to 25 per mt. from the buying of speculators. Because of this, in the NCDEX which was sold at US$850 per mt. yesterday, today, the same has been sold at US$865 to 870 per mt. and closed US$860 per mt. in the evening. The arrival of gram in Lawrence Road was close to 47-48 trucks. In Rai and Narela Mandi, 20-21 trucks came in the grains and the market started getting weak after afternoon. The sale of pulses is not favorable, so that the current does not seem to be durable. The bookies are increasing the prices in future market but it seems to be risky.

Tuvar (Pigeon Peas): Prices are higher but selling continue

Importers raised the rupee by US$30 per mt. to US$640 per mt. by importers, which resulted in the price of US$670 per mt. here. Most of the pulses are buying merchandise as the imports stop business for time being. Apart from importers the stockiest are also selling and buying goods faster, which makes  increase trend and raise market by US$30 per mt. but should continue to sell the goods at every price. Later, some importer in Mumbai made an importer US$630 per mt. in the evening. Tuvar's crop in india is not going to come to near future at all, but there is a huge amount in the domestic and foreign goods market. At present prices should continue to earn profit by selling goods and reducing losses by selling high prices.

Green Moong: will continue to go up

Stocks have declined substantially due to the demand for pulses. The coming crop is going to be weak, which has started rising prices to US$20 per mt. At Ranchi it is sold at US$800 to US$810 per mt. The goods are also coming down in the Kanpur line because the Urai mandi prices are up. The stock is about 50 thousand sacks, whereas last year there were two lakh sacks. Even today, lower selling makes market to go up from US$750 per mt. to 770. Demand for Green Moong has started to emerge at present prices and it is likely to continue to go up.

Urad/Black Mapte: Selling profitable

The crop coming in Latur-Uddin is expected to be very good. With less rainfall, the crop will soon come in the MP and the buyers of the MPs are coming to sell at higher price. At present, the demand from pulses mills has increased market by US$15 per mt. The price for SQ (quality) US$875 per mt. and FAQ's quality US$720 per mt. It has sold US$730 per mt, but in the evening the demand for lentil mills have cooled down and the sale of peel and washed slows down and the market has come down again. Now the goods are in abundance in UP too. Therefore, continue selling and market may go down further.

Masur/Red Lentils: Market up

Canadian lentils have been declining less on Indian ports for the past few days. On the other hand, this year, in the coming crop in September-October, the pole has become a reality. Seeing the damp mud in the Indian market, the lentil of lentil has reduced in Canada and there is news of more sowing of kabuli gram (Chick peas). In this situation the market of lentil looks on bright. Even today, prices have gone up by US$20 per mt. and becomes to US$640 per mt. for local market. In the evening market was cool and not much movement has reported. But in coming days market will go up to US$30 to 40 per mt.

Peas: Not gone up yet

In Mumbai, peas fall to US$365 permt. and it is getting better from Mumbai at the lower price, but due to the abundance of stock all-round, there is not much increase. Container trade is increasing due to increase in truck rentals. Truck rentals from Mundara port will cost US$50 per mt. while container will cost about US$350 per mt. Consequently, the container material may accelerate further for one to two days. Here the spot containers are asking for the prices US$ 390 per mt., while for good quality cargo it is been asked for US$425 per mt. in the market.

Kabali gram (Chick Peas): weak to sell

Despite the high production of Kabli gram, due to the decline in imports from overseas, there is no merchandise in the markets. Consumers in producing markets have stopped the goods after seeing the speed of last year. As a result, even in medium goods, there has been an increase of US$40 to 60 per mt. Just like other pulses, including gram have gone up faster in 4-5 days and due to high cost, the Delhi businessmen of Kabali Chana have received less demand. Here the traders also have the goods sold at the shop. At the same time, traders of the producing markets are not getting sales.

Rajma Chitra (Red Kidney Beans): Market can go up

The harvest of Rajma Chitra will come in China in October. Prior to that, it has become necessary for rain to grow in the productive areas for the domestic crop. The standing crop has started to suffer from heat thereby causing stockiest and importers to say the prices of old goods are strong and the market can increase further in the next few days. Though, Rajam Chitra's (Spotted Kidney beans) prices has increased in Pune, Satara, Khataav, Miani and Kore village.

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