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

  • According to Ministry of Agriculture, the sowing acreage of Bengal Gram as on December 11, 2020 was 90.86 lakh hectares (lh) up by 12.90 percent compared to 80.48 lh during the corresponding period
  • Stock positions of Bengal gram were up by 0.07 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bikaner and Jaipur locations. The stocks held as on December 10, 2020 was 27,367 MT compared to 27,348 MT as on November 11, 2020

Monsoon Update

For the country as a whole, Seasonal cumulative rainfall during this year’s southwest monsoon season upto December 9, 2020 was above Long Period Average (LPA) by 5 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

Note: Markets currently are in Backwardation where the Spot market prices are higher than the Futures market prices along with the Bikaner monthly mandi arrivals in MT.

Market commentary: Price outlook

  • The Government had increased the Minimum Support Price (MSP) of Bengal Gram by 4.62 percent to ₹ 5,100 per quintal for Rabi marketing year (MY) 2021-22 compared to ₹ 4,875 in 2020-21.
  • Overall Bengal Gram prices are likely to trade weak in the immediate / short term as currently Bengal gram is trading below the MSP.
  • With the end of free distribution of 1 kg whole Chana under Pradhan Mantri Garib Kalyan Yojana (PMGKY) that ended on November 30, 2020, which could lead to a slowdown in demand resulting in price correction that is seen in the markets and the new crop is expected only in February 2021

More Articles for You

Commodity Insights: Coriander

Domestic Market Highlights Currently, the crop supplies in domestic markets have started reducing. Earlier in the month of March, the …

agribazaar’s Digital Approach to Revolutionise Indian Agricultural Supply Chain!

The agricultural sector is not left behind in an era of rapid digital transformation. agribazaar is reshaping the landscape of …

ई-प्रोक्योरमेंट: ई-खरीद सुविधा के साथ आसान एवं सुरक्षित भुगतान!

आजकल कृषि उत्पादों की खरीद और बिक्री को डिजिटल तकनीकों के माध्यम से प्रबंधित करने की आवश्यकता बढ़ रही है। …

Commodity Insights Guar Seed

Current Market Developments Currently, Guar seed and Guar gum prices continue to remain strong as supplies have declined in domestic …

WhatsApp Connect With Us