The authorities’s procurement of chana (gram), which has a share of greater than 50% within the nation’s pulses manufacturing, has crossed 2.12 million tonne (mt) within the present rabi season (2022-23) to this point, in comparison with simply 0.6 mt in the identical interval final yr.
Sources advised FE that procurement of chana, which is being carried out by the National Agricultural Cooperative Marketing Federation of India (Nafed) below minimal help worth (MSP) operations, is prone to cross 2.5 mt in a few weeks, as farmers are bringing of their produce in the important thing producing states of Rajasthan and Madhya Pradesh.
Procurement operations are anticipated to proceed until the center of June.
The goal for chana procurement is round 2.9 mt for the present session.
Because of a bumper harvest, mandi costs are ruling at round Rs 4,600-4,800 a quintal throughout markets, towards an MSP of Rs 5,230 a quintal, which has led to a rise in procurement by Nafed.
On account of upper chana procurement, the federal government presently has 3.58 mt of pulses of assorted varieties as buffer inventory, towards the norm of two.3 mt.
However, within the case of different kinds of pulses, due to decrease procurement, the federal government’s shares are smaller — moong (0.3 mt), urad (0.03 mt), tur (0.12 mt) and masoor (0.07 mt) at current.
In 2016, the federal government had created a buffer inventory of pulses, in order that retail costs might be moderated via releasing of inventory within the open market in a calibrated method. Nafed procures pulses on behalf of the division of client affairs and the division of agriculture & farmers’ welfare, below a worth stabilisation fund and worth help scheme.
The farmers’ cooperatives to this point has bought chana in Madhya Pradesh (0.66 mt), Maharashtra (0.6 mt), Gujarat (0.54 mt), Karnataka (0.07 mt), Telangana (0.05 mt) and Andhra Pradesh (0.6 mt) of chana from farmers, since procurement started in April.
According to the third advance estimates of foodgrain manufacturing launched lately by the agriculture ministry, pulses manufacturing for the present crop yr is estimated at a report 27.75 mt, which is near 9% increased from the earlier yr. The manufacturing of chana (gram) grew by greater than 17% within the present crop yr to 13.98 mt from 11.91 mt reported within the earlier yr.
“In the coming months, we expect arrivals to decrease in mandis and at the same time demand from millers can be seen and this might bring mandi prices near to MSP,” Harsha Rai, head, Mayur Global Corporation, a number one commodity agency, mentioned.
Gram has 0.6% weightage in meals inflation. Inflation in chana was 2.72% in April 2022. A serious a part of the full manufacturing of chana goes into additional processing for producing gram flour (besan).
Source: www.financialexpress.com”
