agribazaar
March 20, 2020
Sowing period: September to November
Harvesting period: March to April
Crop season: Rabi
Key growing locations:
- Madhya Pradesh – Dewas, Khargone, Sehore, Ujjain, Vidisha
- Maharashtra – Amarawati, Akola, Vashim, Wardha, Latur
- Gujarat – Surat, Dahod, Rajkot, Amreli, Junagarh
- Uttar Pradesh – Kanpur, Lucknow, Varanasi, Ghaziabad, Lalitpur
- Karnataka – Gadag, Raichur, Gulbarga, Bidar, Dharwad
- Rajasthan – Tonk, Kota, Baran, Jhalawar, Ajmer
- Telangana – Adilabad, Warangal
Production trend and Stock position:
- As per the Ministry of Agriculture second advance estimate FY 2019-20 released on February 18, 2020, Bengal Gram production was 11.22 Mn MT compared to FY 2018-19 which was 9.94 Mn MT, up by 12.88 percent.
- According to Agriwatch website NAFED and other agencies have procured more than 60 percent (3.23 lakh MT) of set target (5.45 lakh MT) so far.
- There has been delay in the harvesting activities since last week for Rabi arrivals due to recent isolated rains in western and southern areas of India.
Source: Agmarknet
Note: March Mandi arrivals are for the period: 1 – 20 March 2020
Source: NCDEX
Note: Markets currently are in Contango where the Futures market prices are higher than the Spot market prices.
Source: NCDEX
Market commentary: Price outlook
- Overall Bengal Gram prices are likely to trade weak in the immediate / short term due to the lockdown situation in India where the overall demand for pulses in open market may decrease and it may affect overall sentiment in physical market.
- Free supply of grains/pulses in fixed quantity per family/per month would cap demand in cash market and prices too would remain suppressed at least for three months.
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