Commodity Outlook – Bengal Gram (Chana)

Sowing period: September to November
Harvesting period: March to April
Crop season: Rabi

Key growing regions:

  1. Madhya Pradesh – Dewas, Khargone, Sehore, Ujjain, Vidisha
  2. Maharashtra – Amarawati, Akola, Vashim, Wardha, Latur
  3. Gujarat – Surat, Dahod, Rajkot, Amreli, Junagarh
  4. Uttar Pradesh – Kanpur, Lucknow, Varanasi, Ghaziabad, Lalitpur
  5. Karnataka – Gadag, Raichur, Gulbarga, Bidar, Dharwad
  6. Rajasthan – Tonk, Kota, Baran, Jhalawar, Ajmer
  7. Telangana – Adilabad, Warangal

Production trend and Stock position:

  • According to Ministry of Agriculture, the sowing acreage of Bengal Gram as on January 16, 2020 was 105.35 lakh hectares (lh) up by 10.38 percent compared to 95.44 lh during the corresponding period.
  • Stock positions of Bengal Gram were down by 18.57 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bikaner, Indore and Jaipur locations. The stocks held as on January 1, 2020 was 4,306 MT compared to 5,288 MT as on December 16, 2019.

Source: Agmarknet
Note: January Mandi arrivals are for the period: 1 – 20 January, 2020

Source: NCDEX
Contango: Markets currently are in Contango where the Futures prices are higher than the Physical Spot market prices.

Market commentary: Price Outlook

  • Overall Bengal Gram prices are likely to trade steady to slightly weak in the immediate / short term.

Source: Agriwatch

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