Commodity Outlook – Bengal Gram (Chana)

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

Key growing locations:

  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:

  • 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.
mandi arrival of bengal gram

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

price movement of bengal gram in bikaner, rajasthan

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

price movement of bengal gram in akola, maharashtra

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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