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:

  • According to Ministry of Agriculture, the sowing acreage of Pulses as on August 16, 2019 was 120.94 lakh hectares (lh) down by 3.51 percent compared to 125.34 lh during the corresponding period.
  • Stock positions of Bengal Gram were down by 3.70 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bikaner, Indore and Jaipur locations. The stocks held as on August 15, 2019 was 97,726 MT compared to 1,01,482 MT as on August 01, 2019.

Note: August Mandi arrivals are for the period: 1 – 16 August 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

  • Overall Bengal Gram prices are likely to trade steady to range bound from current levels of Rs.4,300 per quintal to above Rs. 4,500 per quintal levels in the immediate/short term.
  • According to Agriwatch website Bengal Gram Spot market prices would recover further due demand from the upcoming festive season, improved offtake by millers and firm Futures.

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