Commodity Outlook – Bengal Gram (Chana)

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

Key growing regions:

  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 third advance estimate FY 2018-19 released on June 03, 2019, Bengal Gram production was 10.09 Mn MT compared to FY 2017-18 which was 11.16 Mn MT, down 9.59 percent.
  • Total Pulses production during FY 2018-19 is estimated at 23.22 million MT (Mn MT) down by 8.65 percent compared to 25.42 Mn MT in FY 2017-18.
  • Stock positions of Bengal Gram were up by 2.43 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bikaner, Indore and Jaipur locations. The stocks held as on June 03, 2019 was 96,055 MT compared to 98,387 MT as on June 10, 2019.

Note: June Mandi arrivals are for the period: 1 – 20 June, 2019

Contango: Markets currently are in convergence with each other where the Futures prices and the Physical Spot market prices are in sync.

Market commentary: Price outlook

  • Bengal Gram prices in the physical markets are expected to trade below Rs. 4,000 per quintal levels in the following weeks due to weak demand of pulses from millers.
  • Overall Bengal Gram prices are likely to trade slightly weak in the immediate/short term.

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