• Upsurge in demand lifts chana futures 1.43 pc

    Chana prices surged by 1.43 per cent to Rs 3,678 per quintal in futures trading today as participants built up fresh positions, driven by pick-up in demand from dal mills at the spot market. At the National Commodity and Derivatives Exchange, chana for delivery in April shot up by Rs 52, or 1.43 per cent, to Rs 3,678 per quintal with an open interest of 800 lots. Similarly, the commodity for delivery in May gained Rs 23, or 0.63 per cent, to Rs 3,662 per quintal in 1,02,710 lots.Read more


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  • Prices end steady in thin trade

    Steady conditions prevailed at the wholesale pulses market today as prices, by and large, moved in a narrow range on alternate bouts of trading and settled at the previous levels. Traders said, adequate stocks positions against sporadic demand kept pulses prices steady. Following are today's pulses' rates (in Rs per quintal): Urad Rs 3,800-5,100, Urad Chilka (local) Rs 4,600-4,700,Urad best Rs 4,700-5,200, Dhoya Rs 5,100-5,300, Moong Rs 5,000-5,500, Dal Moong Chilka local Rs 5,600-5,800, Moong Dhoya local Rs 6,200-6,700 and best quality Rs 6,700-6,900.Read more


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  • India’s pulses exports rise by 18 per cent during Apr 17- Feb18

    Outward-bound shipments of pulses from India rose by 18 per cent in volume during the April-February 2017-18 period to around 1.34 lakh tonnes against the corresponding previous year’s 1.13 lakh tonnes, as per provisional data released by the Agricultural and Processed Food Export Development Authority (APEDA). Exports of pulses are beginning to look up after the government removed curbs on overseas shipments last November, after almost a decade. However, traders feel that Indian exporters may have to work hard to regain lost market share amid a global surplus. Shipments for the period in terms of value were up by 15 per cent at $183 million against $158 million in the corresponding period last year. The export volumes are very low compared to the estimated production of 23.95 million tonnes.Read more


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  • Farmers demand government support as black gram prices go down

     Farmers are a worried lot as the prices of black gram is continued to fall forcing them to sell their produce at a loss. While the Tamil Nadu government announced to procure pulses through direct procurement centres (DPCs), farmers are sceptical whether to sell their produce in the open market or to stock them as the government is yet to announce minimum support price (MSP) for the process. Farmers demanded the state government to announce MSP for black gram and wanted it to be fixed at Rs 100 per kg.Read more


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  • Select pulses slide on low demand

    Prices of select pulses ended lower by up to Rs 100 per quintal at the wholesale pulses market today owing to slackened demand against sufficient stocks position. Traders said, besides easing demand from retailers and dal mills, ample stocks position on increased supplies from producing regions, mainly kept select pulses down. In the national capital, gram eased by Rs 50 to Rs 3,700-3,800, while its dal local and best enquired lower by Rs 100 each to Rs 3,700-4,100 and Rs 4,100-4,200 per quintal, respectively.Read more


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  • Gram, its dal soften on weak demand

    Prices of gram and its dal fell by up to Rs 100 per quintal at the wholesale pulses market today on muted demand from retailers against adequate stocks position. However, other pulses settled around overnight levels after moving in a narrow range in scattered deals. Traders said, subdued demand from retailers against sufficient stocks position on increased supplies from producing regions, mainly attributed to the slide in gram and its dal prices.Read more


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  • Govt must support pulses & oilseeds, too, not just rice and wheat: Crisil

    The government may have to shift its focus on procurement from rice and wheat to other crops such as pulses and oilseeds to arrest falling agricultural profitability, an industry watcher said on Tuesday. “There are a number of crops such as urad, tur, maize, groundnut, soyabean, bajra, rapeseed and mustard whose weighted average mandi prices are trending below the minimum support prices (MSP),” said CRISIL Research Director Hetal Gandhi. She said the India Meteorological Department’s forecast of a third year of normal monsoon would be a sign of relief and hope for the rural economy. But, bumper production in the last two years has led to a sharp drop in farmer incomes.Read more


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  • Pulse weekly outlook: Monsoon outlook bearish for Canadian crop

    CNS Canada — India is forecasting an average monsoon rainfall this year, making the chance of India importing Canadian pulse crops slim. “Given the tariff scheme and the protectionist attitudes India has displayed this year, I think it will take a major weather influence to hurry up the correction to (imports),” said Marlene Boersch, managing partner with Mercantile Consulting Venture in Winnipeg. The India Meteorological Department (IMD) has forecast the monsoon rainfall to be 97 per cent of the long-term average, with a model error of plus or minus five per cent. The long-term (1951-2000) average is 89 cm. The monsoon season runs from June to September; IMD will issue an updated forecast in early June. A recent Reuters article, however, pointed out that on average IMD has only had an accurate forecast once every five years over the last two decades, even after taking into account the error band of plus or minus five per cent.Read more


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  • Weak futures drags chana

    Weak futures and physical demand in pulses have dragged chana pricesin the past one week by almost ₹200 a quintal with chana (kanta) declining to ₹3,500-3,525, while chana (desi) ruled at ₹3,450. Chana dal (average) went for ₹4,200-4,300, chana dal (medium) at ₹4,600-4,700, while chana dal (bold) ruled at ₹4,700-4,800 respectively. Dollar chana traded at ₹5,000-6,000.Read more


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  • Chana futures remain weak, shed 0.73 pc on fall in demand

    Chana prices went down by 0.73 per cent to Rs 3,694 per quintal in futures market today as participants engaged in trimming positions amid easing demand from dal mills in the spot market. Besides, adequate stocks position on increased arrivals from producing belts weighed on prices. At the National Commodity and Derivatives Exchange, chana for delivery in June fell by Rs 27, or 0.73 per cent, to Rs 3,694 per quintal with an open interest of 17,880 lots. Likewise, the commodity for delivery in May lost Rs 22, or 0.60 per cent, to Rs 3,657 per quintal in 99,720 lots.Read more


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