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 fourth advance estimate released on August 11, 2021, Bengal gram production was 11.99 million metric tonnes (MMT) compared to FY 2019-20 which was 11.08 MMT, up by 8.21 percent
  • As per the Directorate General of Commercial Intelligence and Statistics (DGIS), India’s export of Bengal gram (Desi Chana) for 2021-22 was 5,447.92 MT valued at ₹ 32.02 crore and imports for the same period was 888 MT valued at ₹ 4.23 crore
  • Import flow would remain restricted as duty plus cess is 60 percent, but import flow may continue from the least developed countries (LDC) as they enjoy the benefit of zero duty
  • Market regulator SEBI late on August 17, 2021 asked leading agri commodities trading bourse NCDEX to not launch any futures contracts on chana (gram/chickpea)

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s monsoon season till August 11, 2021 is below the Long Period Average (LPA) by 6 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

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
  • Bengal gram prices will be range-bound with an upward movement in immediate/short term due to lower supplies in mandis against robust demand for chana dal and besan ahead of festivals
  • Currently, prices of Bengal gram have been hovering around MSP, as NAFED continues to sell Chana stock and therefore the supply side seems balanced for the moment

More Articles for You

किसान सफलता कार्ड

भारत में कृषि वित्त कृषि व्यापार की एक आवश्यकता है। कृषि वित्त न केवल खेती, उत्पादन और फसलों के व्यापार …

Weekly Soybean Report

Current Market Developments: The adjacent Soybean price trend chart shows that prices has declined significantly in the last 10-12 days …

Indian Agri Finance System: Challenges & Opportunities

The importance of agri finance, especially in rural India, cannot be ignored. The structure of the agri finance system in …

Weekly Groundnut Report

Current Market Developments: Since last fortnight Groundnut prices in Gondal, Rajkot and Gadag spot markets have shown weak trend as …

Top Indian agritech trends 2023

The Indian agriculture sector is being immensely pressurized by issues of the increasing population, unfavorable climate occurrences, and land limitations. …

Weekly Sesame Seed Report

Current Market Developments: As depicted in the Sesame seed prices trend chart, prices have remained range bound with slightly weak …

WhatsApp Connect With Us