agribazaar
June 5, 2019
Sowing period: June to July
Harvesting period: November to February
Crop season: Kharif
Key growing locations for Tur:
- Maharashtra – Amarawati, Wardha, Vashim, Latur, Buldhana, Akola
- Telangana – Adilabad, Warangal, Karimnagar, Nalgonda
- Karnataka – Gulbarga, Raichur, Bidar, Bijapur
- Madhya Pradesh – Raisen, Sehore, Hoshangabad, Narsinghpur
- Gujarat – Junagarh, Rajkot, Dahod
- Uttar Pradesh – Kanpur, Hathras, Hardoi, Agra
Production trend and Stock position:
- According to news agency Cogencis, the National Agricultural Cooperative Marketing Federation may be holding around 5 lakh tonnes (lt) Red Gram of the previous crop and about 2.75 lt from the ongoing procurement of the current crop. Summing up the numbers, the country could need another 5-7 lt to meet its annual consumption demand of 4.2 – 4.5 MMT, with a reasonable carryover stock in hand.
- NAFED has procured 18 lakh MT pulses and oilseeds this year lower by 29.41 per cent compared to last year of 25.5 lakh MT.
- Red Gram production is likely to increase by 15.84 per cent from 35.21 to 40.79 lt in the new season (2019-20) according to Agriwatch website.
Market commentary: Price outlook
- Minimum Support Price (MSP) for Red Gram for 2018-19 is Rs. 5,675 per quintal an increase of Rs. 225 or 4.13 per cent compared to last year’s price of Rs. 5,450 per quintal.
- Physical market prices of Red Gram crossed MSP levels for the first time in over two years earlier this month and are likely to rise further in immediate or short term period amid a looming shortage as the new crop is still six months away.
- Slower pace of procurement, weak demand and availability of old stock continues to be the major non-supporting factors affecting the prices in the Spot markets.
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