India’s pulses market hots up after arrival of new tur, early chana crops
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India
Published Dec 30, 2022
Tridge summary
With the arrival of the new tur and chana crops in central and western India, the government has its finger on India’s pulse(s) market. Trade and market sources say tur, masoor, and urad will trade above their minimum support price (MSP) in short to medium term, even as moong remains below MSP.
Original content
With the arrival of the new tur and chana crops in central and western India, the government has its finger on India’s pulse(s) market. Trade and market sources say tur, masoor, and urad will trade above their minimum support price (MSP) in short to medium term, even as moong remains below MSP. Chana, sown primarily in North India, is likely to cross the MSP of Rs 5,335 per quintal only in the medium term. Presently, chana is trading below the MSP. The MSP of tur and urad is Rs 6,600 per quintal; masur’s Rs 6,000 per quintal. The MSP of moong is Rs 7,755 per quintal. That of chana’s Rs 5,335 per quintal. The prices are for the 2022-23 (July-June) and 2023-24 (April-March) crop marketing seasons. “Chana output, according to industry information, is expected to be the same as last year at about 9.5 million tonnes (mt), although there could be some drop in area. The National Agricultural Cooperative Marketing Federation of India, as indicated by market intelligence, has about 2.5-2.8 ...
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