Rabi urad area down 8% YoY at 528,500 ha

India’s rabi urad acreage was down 8% on year at 528,500 ha. The area under the crop is also lower than the five-year average of 544,500 ha for the period. Sowing of urad is yet to […]

Rabi urad area down 11% YoY at 425,700 ha.

Farmers in the country had sown rabi urad across 425,700 ha, down 11% on year. At 425,700 ha, area under the crop is also lower than the five-year average of 465,900 ha for the period. Sowing […]

India rabi urad area up 7% YoY at 167,600 ha.

Farmers in the country sowed urad across 167,600 ha this rabi season, up 7.4% on year. The acreage was also higher then the five-year average of 143,500 ha for the corresponding period. Sowing of urad is […]

Govt source says tur, urad futures likely to make a comeback soon.

The government is likely to lift a decade-old ban on trading of futures contracts in urad and tur. Ministry of Consumer Affairs and NITI Aayog are in favour of allowing trading of urad and tur futures contracts. The government is also expected to give permission for the same soon and later a proposal in this regard would be sent to the SEBI (Securities and Exchange Board of India). Trading of futures contracts of these pulses will aid in price discovery and better realisation. Domestic prices of pulses have been under pressure following successive bumper harvests over the past few years.

Maharashtra extends registration date for urad, moong procurement.

The Maharashtra government has extended the registration date for procurement of urad and moong under the minimum support price to Oct 24 from Oct 9. Procurement of moong and urad will commence from Oct 11. Output of kharif moong in the country in 2018-19 (Jul-Jun) is estimated at 1.58 mln tn, while urad production is expected to be 2.65 mln tn. As of now, a total of 20,341 farmers have registered themselves for the procurement, of which 6,183 have registered for moong procurement, 8,851 for urad.

Kharif urad acreage 4 mln ha, down 9% on year.

Farmers in the country have sown urad across 4.04 mln ha this kharif season, down 9% on year. Urad acreage this kharif season is already well above the five-year average of 3.14 mln ha for the corresponding period. In Madhya Pradesh, the largest grower of urad, acreage was down 7.7% on year at 1.65 mln ha as farmers shifted to paddy and soybean for lucrative returns. Harvesting of urad has begun in some parts of Madhya Pradesh and fresh arrivals are entering the market. Madhya Pradesh’s urad output in 2018-19 is estimated at 1.73 mln tn, down 1.1% from last year.

New urad crop arrivals start in Madhya Pradesh, prices may fall more.

New crop of urad or black matpe has started arriving in some parts of Madhya Pradesh and Maharashtra, the two key producing states, over the last few days. However, the new crop is being sold at 2,800-3,000 rupees per 100 kg, compared with 3,500-3,700 rupees a year ago, as urad prices are already 46% below the minimum support price of 5,600 rupees per 100 kg fixed by the government for 2018-19 (Jul-Jun). Prices are down this year due to higher moisture content in the new crop. New crop arrivals have started on time this year in Madhya Pradesh, and about 50-60 bags (1 bag = 100 kg) are arriving daily in the market as against 100-120 bags last year. The new crop this year has moisture content of 15-16% compared with 12-13% last year, which has led to fall in domestic demand. In Maharashtra, another key market, arrivals of urad have started in Latur, and 2,500-3,000 bags (1 bag = 100 kg) are arriving daily in the market as against 5,000-6,000 bags last year. Arrivals of the pulse are lower as output is expected to fall due to erratic weather conditions in the key growing areas of the state. New crop is currently being sold in the range of 3,500-4,000 rupees per 100 kg, up 50-100 rupees from the year-ago period.