Pulses import at Tuticorin port down 66% on year at 13,598 tn in Sept.
Ram Gopal Yadav (6 years ago)

Import of pulses at Tuticorin port was down 66.6% on year at 13,598.7 tn in September. A sharp decline in imports of chana, peas and tur led to the fall. Imports of most pulses have fallen since the beginning of the year, following trade restrictions and a rise in customs duty. For May, the last month for which data is available, imports of pulses were pegged at 18,962.30 tn.

Maharashtra extends registration date for urad, moong procurement.
Ram Gopal Yadav (6 years ago)

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.

Rise in chana contract lifts NCDEX Dhaanya index.
Ram Gopal Yadav (6 years ago)

The NCDEX Dhaanya index rose 9.82 points to 3205.08 points, largely due to gains in chana and castor seed contracts. A fall in guar seed contracts restricted the rise in index. Dhaanya is a value-weighted index, computed real-time using the near-month prices of 10 most liquid commodity futures. The components of the index and their weights are re-balanced every quarter. Currently, chana and guar seed carry a weight of 20% each, soybean 16%, and mustard seed 15%, and cottonseed oilcake 8%. Castor seed, coriander, barley, jeera, and turmeric are the other components of the index.

Poor rainfall, low reservoir levels to hit rabi output.
Ram Gopal Yadav (6 years ago)

Poor rainfall and scanty water levels in reservoirs at major growing regions are likely to hit production of rabi crops this year. The country’s crucial southwest monsoon season ended with a deficit of 9%, missing the India Meteorological Department’s prediction by a huge margin. The country received 804.0 mm rainfall during the Jun-Sep monsoon season, against the normal weighted average of 887.5 mm. Poor rains lead to inadequate soil moisture, which is a must for sowing of rabi crops. Reservoir levels are also important for the irrigation-dependent rabi season that starts October. While the reservoir storage in most states is “healthy”, there is a shortage in Gujarat, West Bengal and Maharashtra due to poor rains. Deficient reservoirs raise some concern for the rabi crop because these three states together contribute 53% of the rabi production of foodgrains and oilseeds. However, the overall crop output may be higher as “kharif production estimates are healthy.