NCDEX has also been directed to not take any new positions for the running contracts - Geojit Financial
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Chana
The Securities and Exchange Board of India has asked the National Commodity and Derivatives Exchange to not launch any new chana contracts on its platform till further notice, the market regulator said in a release on August 16. NCDEX has also been directed to not take any new positions for the running contracts, and only squaring up of positions will be allowed on the platform with immediate effect, according to the official release.
Ministry of Agriculture and Farmers Welfare has approved procurement of Green Gram, Black Gram and Red Gram in Andhra Pradesh, Telangana, Tamil Nadu and Karnataka under Price Support Scheme (PSS) for Kharif 2021-22. Red Gram and Black Gram will be procured at Rs. 6,300 per quintal and Green gram will be procured at Rs. 7,275 per quintal. NAFED is getting ready to undertake procurement operations.
Government raises MSP for Rabi crops for season 2022-23. MSP for chana has increased by 2.5 % to Rs. 5230/qtl. against Rs. 5100/qtl previous year.
According to Ministry of Agriculture, total pulses sown on 139.64 lakh ha as on 10th Sep 21 against 136.98 lakh ha same period last year. Overall sowing is up by 1.94% till now. Tur area is up by 3.88% and Urad is up by 1.49% while Moong area is down by 0.31%. Tur is sown on 49.84 lakh ha against 47.98 lakh ha, Urad is planted on 38.89 lakh ha which is against 38.32 lakh ha same period last year.Moong has sown on 35.10 lakh ha against 35.21 lakh ha same period last year.
According Agriculture and Agri Food Canada (AAFC) August report, the production of Chickpea is projected at 0.87 lakh tonnes for 2021-22. July production estimate was 1.26 lakh tonnes while last year’s production was 2.14 lakh tonnes. Decline in production is due to weather and drought.
Area planted for all chickpeas for the 2021 crop year is estimated at 341,000 acres, up 26% from the previous year, according to the USDA's annual seeded area report. Area harvested is forecast at 334,600 acres, 27% above 2020.Small chickpea area planted is estimated at 67,000 acres, up 38% from 2020. Area harvested for small chickpeas is forecast at 65,600 acres, a 37% increase from 2020.Area planted for large chickpeas in 2021 is estimated at 274,000 acres, a 24% increase from the previous year. Large chickpeas area harvested is forecast at 269,000 acres, a 25% increase from 2020.
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