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.

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.

Urad acreage down 8.8% on year at 4 mln ha

Farmers in the country have sown urad across 4.02 mln ha this kharif season, down 8.8% on year. Urad acreage during this kharif reason is already well above the five-year average of 3.12 mln ha for the corresponding week. 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.

Urad acreage down 12.5% on yr at 3.8 mln ha

Farmers in the country have sown urad across 3.80 mln ha this kharif season, down 12.5% on year. In Madhya Pradesh, the largest grower of urad, acreage was down 16.7% on year at 1.49 mln ha as farmers shifted to paddy and soybean in search for lucrative returns. For 2018-19 (Jul-Jun), the government has increased the minimum support price for paddy by up to 13% and for urad by 3.7%. Last year, many farmers opted for urad instead of soybean due to scattered rains and low realisations from the latter, which resulted in a jump in urad acreage. The country produced 2.84 mln tn of urad during the last kharif season.

Urad acreage down 13% on year at 3.76 mln ha.

Farmers in the country have sown urad across 3.76 mln ha this kharif season down 12.8% on year. In Madhya Pradesh, the largest grower of urad, acreage was down 16.7% on year at 1.49 mln ha as farmers shifted to paddy and soybean in search for lucrative returns. For 2018-19 (Jul-Jun), the government has increased the minimum support price for paddy by up to 13% and for urad by 3.7%. Last year, many farmers opted for urad instead of soybean due to scattered rains and low realisations from the latter, which resulted in a jump in urad acreage.

Farm agency to sell urad, moong via NCDEX e-Mkts.

Small Farmers’ Agribusiness Consortium has offered to sell 1,748.23 tn of urad and 248.50 tn of moong through NCDEX e-Markets. The pulses are stocked at various central and state godowns in Maharashtra, Madhya Pradesh and Rajasthan.

Urad acreage down 13% YoY at 3.7 mln ha.

Farmers in the country have sown urad across 3.7 mln ha this kharif season. In Madhya Pradesh, the largest grower of urad, the acreage was down 16.7% on year at 1.49 mln ha as farmers shifted to paddy and soybean as returns looked lucrative. For 2018-19 (Jul-Jun), the government has increased the minimum support price for paddy by up to 13% and for urad by 3.7%. Last year, many farmers opted for urad instead of soybean due to scattered rains and low realisations from the latter, which resulted in a jump in urad acreage.

Urad acreage down 12% YoY at 3.5 mln ha.

Farmers in the country have sown urad across 3.5 mln ha so far this kharif season down 12.0% from a year ago. In Madhya Pradesh, the largest grower of urad, the acreage was down 15.2% on year at 1.46 mln ha as farmers have shifted to paddy. This year, rainfall has been good and prices of paddy are attractive. There was loss of urad crop last year due to wilt disease, which also made farmers cautious about the crop this year.

Urad acreage down 16% YoY at 2.95 mln ha.

Farmers in the country sowed kharif urad across 2.95 mln ha as of Wednesday, down 16.1% on year. In Madhya Pradesh, the largest grower, area under urad was down 12.0% on year at 1.43 mln ha as farmers shifted to paddy.

Source says 11,000 tn urad from Myanmar reaches Chennai, Mumbai.

About 11,000 tn of urad have arrived at Indian ports from Myanmar in a span of two-three days. The price of the pulse is in the range of $440-$470 per tn on cost and freight basis for the superior quality while the fair-average quality costs $330-$380 per tn. Of the total 11,000 tn imported in the last two-three days, 3,600 tn has landed at Mumbai’s Nhava Sheva port and the remaining at the Chennai port.

Govt approves urad procurement in Andhra Pradesh, Tamil Nadu

The government has approved procurement of 100,000 tn urad in Andhra Pradesh and 3,000 tn from Tamil Nadu during the ongoing rabi season. The government will also purchase 32,000 tn moong from farmers in Andhra Pradesh. The minimum support price, at which the government procurement takes place, is 5,400 rupees per 100 kg for urad, and 5,575 rupees per 100 kg for moong. The move comes in the wake of high domestic supplies due to a bumper pulses output in 2016-17 (Jul-Jun) and anticipation of a record high crop this year as well.

MMTC to auction 1,633.5 metric tonne urad via NCDEX e-markets

MMTC to offer 1,633.5 metric tonne of urad imported from Myanmar and 393 metric tonne of tur imported from Malawi, for auction through NCDEX e-markets. The pulses which are to be auctioned are stocked at the Central Warehousing Corp, and other godowns in Tamil Nadu and Maharashtra.