Pulses Insights for January 23, 2017
Commodity Online |
January 23 2017
- Pulses complex traded with more of negative sentiments in the major spot markets of the country during today’s trade.
- Chana prices traded down for the second straight day at Kolkata spot market during today’s trade.
- At the Akola spot market, new and old Tur extended losses during today’s trade. Urad, Chana and white Pea also witnessed falls at the Mumbai spot market.
- Dull buying was seen in new Tur complex in Indore spot market, while demand for Urad and Matar also remained sluggish in Kanpur spot market.
- Demand is lower from buyers in the Pulses complex affecting the prices at current levels.
- Tur and Moong production estimate has been raised by the Karnataka agriculture department in second advance estimates for 2016-17, while cuts production estimate for Chana and cotton.
- Tur production in the state likely to get tripled at 7.32 lakh tonnes against 2.42 lakh tonnes in 2015-16 and moong crop estimate is at 1.02 lakh tonnes versus 0.40 lakh tonnes previous year.
- Chana production in the state is expected at 3.90 lakh tonnes compared with 5.52 lakh tonnes a year ago period, as per the advanced estimates.
- India’s pulses acreage reached 157.68 lakh hectares as on January 13, 2017 in the ongoing rabi season.
- Rabi crop sowing in the country as on January 13, 2017 stood at 628.34 lakh hectares as compared to 592.36 lakh hectare same period a year ago, according to agriculture department.