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 overall Pulses as on September 27, 2019 was 134.02 lakh hectares (lh) down by 1.74 percent compared to 136.40 lh during the corresponding period.
  • Stock positions of Bengal Gram were down by 53.19 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bikaner, Indore and Jaipur locations. The stocks held as on October 31, 2019 was 30,189 MT compared to 14,131 MT as on October 15, 2019.
bengal gram

Contango: Markets currently are in Contango where the Futures prices are higher than the Physical Spot market prices.

Market commentary: Price outlook

  • Overall Bengal Gram prices are likely to trade steady to slightly firm in the immediate/short term.

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