News You Can Use

  • Absence of rains in June has affected sowing of Pulses across India, with sowing of Moong recording the greatest dip.
  • All India Kharif sowing area crosses 21.5 million hectares as on June 30, down 22.70% from 27.9 million hectares same period a year ago. However, this figure will see a substantial jump over next 2 weeks as following government advisory (due to delay in monsoon progress) farmers postponed sowing which is now in full swing.
  • Data released from the Union Ministry of Agriculture showed that till June 30, sowing of Urad was estimated to have been done over 4.22 lakh hectares from 4.13 lakh hectares sown last year same time, up by 2.18%.
  • The announcement by the government that a determined drive is launched to source Pulses from Mozambique, Malawi and Myanmar countries via the government-togovernment route—through PSUs—officially confirms that India desperately needs Pulses due to continuous decline in its annual output.
  • The severity of shortages, as of now, of about 5 million tonnes (Lentils, Chickpeas and Peas)—though in public domain (output of 17-18 MT versus usage of 23 MT)—is officially endorsed and made known worldwide.
  • The mismatch in the production and consumption will exacerbate in the future and so will the market prices.
  • The government has procured 0.12 million tonnes of Pulses so far from farmers for creating buffer stock and also contracted to import 46,000 tonnes as part of its effort to cool prices ruling as high as Rs 198 a kg.
  • That apart, 14,321 tonnes of Pulses have already arrived in India against the total contracted quantity of 46,000 tonnes.
  • Maharashtra, which is one of the largest pulse growing states in India, has reported the lowest sowing of all Pulses.
  • Monsoon is now in full swing in India and we are expecting a bumper crop of all Pulses being grown in Kharif season.
  • We expect a dip of 10-20 per cent in Urad prices post January next year.