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 January 29, 2021 was 112 lakh hectares (lh) up by 4.37 percent compared to 107.31 lh during the corresponding period.
  • Weather condition during this Rabi sowing season remains important as it has been positive along with the current sowing situation, which in turn can lead to a positive production outlook.
  • Stock positions of Bengal gram were down by 79.76 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bikaner and Jaipur locations. The stocks held as on January 31, 2021 was 3,314 MT compared to 16,376 MT as on December 31, 2020.
  • As per Directorate General of Commercial Intelligence and Statistics (DGIS), India’s export of Bengal gram (Desi Chana) for 2020-21 (April-October) was 40,020.13 MT valued at ₹ 220.98 crore and imports for the same period was 48,886.27 MT valued at ₹ 226.10 crore.

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s winter season till January 27, 2021 is above Long Period Average (LPA) by 38 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

Note: Markets currently are in Contango where the Futures prices are higher than the Spot 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 ₹ 4,875 in 2020-21
  • Overall Bengal Gram prices are likely to trade steady to slightly firm in the immediate / short term as currently Bengal gram is still trading below the MSP

More Articles for You

Healthy Tips for Healthy Soybean

Soybean is a short-day plant requiring hot weather for optimum production. They are adapted to grow in many soils (pH …

Weekly Soybean Report

As depicted in the adjacent chart Soybean prices in major trading centers have cooled off on higher availability against subdued …

Weekly Maize Report

Current Market Developments: During this week, Maize prices in most of the spot markets have declined tracking subdued demand in …

Go-to Guide for Good Groundnuts

Groundnuts are a popular food source worldwide, consumed either as peanut butter or groundnut oil or simply as a confectionary …

Weekly Wheat Report

Key Market Developments: During the week, Wheat prices in most of the spot markets of Delhi, Uttar Pradesh, Madhya Pradesh, …

Vertical Farming in India

Agriculture in India is often affected by soil degradation, desertification, and extreme weather conditions such as floods and droughts. As …

WhatsApp Connect With Us