Indian pulses market outlook

The cultivation area under pulses as of 21 January 2022 was reported to be 16.435 million hectares, higher than 16.288 million hectares a year ago. The acreage of a gram (chickpeas) is higher at 11.33 million hectares than 10.905 million hectares last year. The total area under lentils is 1.742 million hectares against 1.687 million hectares a year ago. Field peas acreage was reported at 1.01 million hectares compared to 1.03 million hectares last season.

The Indian Pulses and Grains Association said the rabi crop comprising chickpea, masoor, and yellow peas would start arriving in the market over the next month and a half. There will be an ample supply of pulses in the market; thus rise in the prices is not expected.

In the short term, the Indian pulses markets are witnessing a firm tone as the cold wave and rains with hailstorms in North India have raised concerns about the damage done to crops. Major pulses, such as Tur (Pigeon Peas), Urad(Matpe), Chana(Desi Gram), Kabuli Chickpea, Masoor(Red Lentil), Moong (Green Lentils), and White Pea had high trade rates during last week.