• Kharif pulses sowing is completed on 46.6 Lakh Ha, up by 1% y-o-y.
• Moong is sown on 16 Lakh Ha, up 38% y-o-y.
• Kharif moong area is expected to increase by 5-8%.
• Tur is sown on 16.6 Lakh Ha, down 29% y-o-y.
• Tur acreages may decline by 10-15% in Karnataka and by 10% in Maharashtra.
• Urad is sown on 7.5 Lakh Ha, down 10% y-o-y.
• Urad area would decline by 10-12% in this kharif season
• NAFED completed chana procurement at 25.92 Lakh MT against target of 29 Lakh MT.
• Recently, Indian importers bought about 50 containers of Lemon Tur at FOB of US$760/MT.
Price Outlook:
• Chana Delhi would trade bullish in the price band of Rs.4900 – 5050/quintal.
• Kabuli Indore would trade bullish in the price band of Rs.9050 – 9500/quintal.
• Tur Akola would trade bullish in the price band of Rs.6900 – 7500/quintal.
• Urad Guntur would trade bullish in the price band of Rs.7800 – 8100/quintal.
• Moong Jaipur would trade sideways in the price band of Rs.6300 – 6600/quintal.
• Masur Indore would trade bullish in the price band of Rs.6950 – 7150/quintal
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