Pulses Outlook by Origo e-Mandi || 23 June 2022

Описание: • Chana Delhi prices fell by 1.05% on w-o-w basis but remain 2% higher on month-to-date. Prices fell by around 8% as compared to last year.
• Kabuli Indore prices gained 1.7% w-o-w and traded 7% higher on month-to-date. Prices remain higher by 13% as compared to last year.
• Tur Akola prices gained 0.6% on w-o-w basis and 4.8% higher on month-to-date. Prices fell by around 3% as compared to last year.
• Urad prices gained by 6.3% on w-o-w basis and traded 15% higher on month-to-date. Prices remain higher by 4% as compared to last year
• Moong Jaipur prices traded flat w-o-w and traded 10% higher on month-to-date. Prices fell by around 6% as compared to last year.
• Masur Indore prices gained 0.6% w-o-w and traded 3% higher on month-to-date. Prices gained by around 5% as compared to last year.

Key factors are:
• NAFED would liquidate chana stocks of 2018, 2019 and 2020 years.
• NAFED procured around 25.62 Lakh MT chana this year.
• NAFED chana stocks were estimated at around 32 Lakh MT
• Kharif pulses sowing is done on 4.39 Lakh Ha, down by 7.4% y-o-y. Moong is sown on 1.90 Lakh Ha, down 7.3% y-o-y, Tur is sown on 1.06 Lakh Ha, down 8.6% y-o-y, and Urad is sown on 0.53 Lakh Ha, down 27.4% y-o-y.
• Arrival of monsoon across the key producing region may boost kharif pulses sowing
What's Next?
• Chana Delhi prices would trade sideways with a weak bias in the range of Rs. 4700 – 4900.
• Kabuli Indore prices would trade firm in the range of Rs. 7770 – 9950.
• Tur Akola prices would trade firm and may touch Rs. 6650 in short term.
• Urad Guntur prices may trade firm in the range of Rs. 7600 – 7800 in short term.
• Moong Jaipur prices would trade firm in the coming days in the range of Rs. 6450 – 6750.
• Masur Indore prices would trade firm in the range of Rs. 6800 – 7100.

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