Commodity Outlook – TUR (Red Gram)

Sowing period: June to July
Harvesting period: November to February
Crop season: Kharif

Key growing locations for Tur:

  1. Maharashtra – Amarawati, Wardha, Vashim, Latur, Buldhana, Akola
  2. Telangana – Adilabad, Warangal, Karimnagar, Nalgonda
  3. Karnataka – Gulbarga, Raichur, Bidar, Bijapur
  4. Madhya Pradesh – Raisen, Sehore, Hoshangabad, Narsinghpur
  5. Gujarat – Junagarh, Rajkot, Dahod
  6. 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.

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