• Indian market to become more attractive to grain exporters – G Chandrashekhar

    By September 2018, pulses market in India may become really attractive to Ukrainian and other suppliers of respective commodities. This was supposed by global agri-market expert G. Chandrashekhar (India) at the XV Jubilee International Conference “Black Sea Grain-2018”, premiere event of the Black Sea region, recognized by global leaders of grain & oilseeds. The speaker estimated India’s current need for pulses at 30 MMT. He stated that his country is far from self-sufficiency yet. The reason is that it grows just some 24 MMT of pulses. Therefore, India is forced to import 5-6 MMT annually. Moreover, the expert is confident that pulse consumption in the country will increase in the coming years. As less than six months are left until September, Mr. Chandrashekhar expressed an opinion that it is expedient to begin preparing already now for Ukrainian pulse imports to India. The country will use up its previously stockpiled pulse inventories by September, and the market will become balanced, the speaker said. That is when India will probably revise its tax policy towards commodity imports.Read more


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  • Weak conditions prevail in wholesale pulses market

    Weak conditions prevailed at the wholesale pulses market today as kabuli gram and other pulses fell by upto Rs 100 per quintal on muted demand. Traders said fall in demand against adequate stocks position on increased supplies from producing belts led to a decline in kabuli gram and other pulses prices. In the national capital, kabuli gram small variety fell by Rs 100 to Rs 4,800-5,800 per quintal.Read more


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  • Chana futures extend fall, slide 1.27% on tepid demand

    Chana prices fell by 1.27 per cent to Rs 3,490 per quintal in futures trade today, falling for the third day, as participants reduced exposure amid subdued demand at the spot market against adequate stocks. Moreover, profit-booking at existing levels weighed on the sentiment. At the National Commodity and Derivatives Exchange, chana for delivery in May contracts fell by Rs 45, or 1.27 per cent, to Rs 3,490 per quintal, with an open interest of 93,690 lots.Read more


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  • Sluggish trend continue in pulses

    Sluggish trend continued in pulse seeds and pulses on weak physical demand. Chana (kanta)declined to ₹3,375-₹3,400 a quintal, while chana (desi) ruled at ₹3,300. Chana dal (average)quoted at ₹4,700-₹4,800, chana dal (medium) at ₹4,900-₹5,000, while chana dal (bold) ruled at ₹5,100-₹5,200. Dollar chana dragged to ₹4,500-₹5,500. In container also dollar chana (42/44 count) quoted at ₹6,500, dollar chana (44/46 count) at ₹6,250-₹6,300, while dollar chana (58/60 count) ruled at ₹4,900 respectively.Read more


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  • Chana futures extend fall, drop 0.88% on muted demand

    Chana prices drifted lower by 0.88 per cent to Rs 3,600 per quintal in futures trade today, extending its fall for the second day, as participants reduced exposure amid subdued demand in the spot market against adequate stocks. Moreover, profit-booking at existing higher levels weighed on the sentiment.Read more


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  • Weak conditions prevail in wholesale pulses market

    Weak conditions prevailed at the wholesale pulses market today as kabuli gram and other pulses fell by upto Rs 100 per quintal on muted demand. Traders said fall in demand against adequate stocks position on increased supplies from producing belts led to a decline in kabuli gram and other pulses prices. In the national capital, kabuli gram small variety fell by Rs 100 to Rs 4,800-5,800 per quintal.Read more


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  • Chana prices below MSP, add to farmers’ misery

    After wheat price crashed soon after the harvest season started, chana price has also fallen below the government’s minimum support price (MSP), forcing farmers to hold the stock even as it means more misery for them. Local traders in parts of Madhya Pradesh and Maharashtra are quoting about Rs 1,000 less than the MSP of Rs 4,400 a quintal announced by the Central government. Price pressure on chana has come mainly due to bumper yield and higher acreage under pulses. Since Madhya Pradesh accounts for nearly 50 per cent of the country’s total chana production, lower prices means many farmers would be affected. This could anger the farmers and could have a bearing on state elections.Read more


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  • Gram, its dal slide on low demand

     In restricted activity, gram and its dal prices fell by up to Rs 100 per quintal at the wholesale pulses market today owing to slackened demand. However, other pulses moved in a narrow range in limited deals and settled at previous levels. Traders said besides easing demand from retailers and dal mills, adequate stocks position on increased supplies from producing belts mainly weighed on gram and its dal prices. In the national capital, gram shed Rs 50 to Rs 3,800-3,900, while its dal local and best quality traded lower by Rs 100 each to Rs 3,900-4,300 and Rs 4,300-4,400 per quintal, respectively.Read more


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  • Chana futures slip 0.48% on profit-booking

    Chana prices moved down by 0.48 per cent to Rs 3,695 per quintal in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market. At the National Commodity and Derivatives Exchange, chana for delivery in June contracts fell by Rs 18, or 0.48 per cent, to Rs 3,695 per quintal with an open interest of 21,990 lots.Read more


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  • Downtrend continues in pulses

    Even after the Madhya Pradesh government’s move to purchase chana and masur at MSP levels, downtrend continued in pulse seeds on weak buying from millers with masur (bold) being quoted at ₹3,525 a quintal (down ₹125), while masur (Madhya Pradesh) ruled at ₹3,200. Moong (bold) traded at ₹5,000-5,100 (down ₹100), while moong (medium) ruled at ₹4,500. Sluggish demand also dragged urad with urad (bold) declining to ₹3,400-3,500 (down ₹100), while urad (medium) ruled at ₹2,500 quintal.Button text


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