Urad

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.

Area under urad crop this kharif season was down nearly 29% on year at 2.22 mln ha. In Madhya Pradesh, the largest grower, area under urad was down 30.3% on year at 1.13 mln ha as farmers shifted to paddy.

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.

The Food Corp of India has offered 3,123.2 tn of urad for auction through NCDEX e-Markets. The pulse being auctioned is stocked at state and central warehouses in Madhya Pradesh and Uttar Pradesh.

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.

The Food Corp of India has offered 7,839.57 tn of urad for auction through NCDEX e-Markets. The pulse being auctioned is stocked at warehouses in Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh and Karnataka.

NAFED procures 203,828 tn urad at MSP as of Jan 8 in seven states.

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.

The National Agricultural Cooperative Marketing Federation of India has procured 5,340 metric tonne of urad grown during the kharif season in three states. The procurement under the price support scheme started last month and was underway in Rajasthan, Telangana and Karnataka. Rajasthan accounted for the maximum procurement at 4,292 metric tonne. Over 4,700 farmers have sold their crop to the agency. NAFED started procuring urad as market prices fell below the minimum support price of 5,400 rupees per 100 kg, inclusive of a bonus.

Prices of urad in Delhi were up because of demand from millers and gains in other pulses. Reports of procurement of the pulse by the government agencies are also creating positive sentiment.

The pulse is stocked at Central Warehousing Corp and other godowns in Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Gujarat, and Maharashtra.