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

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