Market Update/
India Pulses Market, July 1-16, 2022

Highlights from the month

• 5% GST implemented for pre-packaged pulses 25 Kg, as of July 18.
• Farmers prefer to sow paddy, sugarcane and mustard seeds over pulses.
• As of July 15, rains were satisfactory. In Gujarat and Maharashtra, heavy rains fell in a short span of time.
• Pulses sowing is up from last year; mung and urad areas increased while pigeon pea decreased.

Pricing

Prices of almost all pulses improved due to decreased sowing, high import parity and lower stocks at port. 

Pigeon Pea

• Domestic prices lower than imported prices, resulting in less trade and lower stocks at ports.
• Prices improved in the main markets by 110-150 Rs./quinal.
• Imports from April-June expected to be 79,349 MT, up significantly from 38,502 MT last year.
  
  

Lentil

• International prices under pressure as the new Canada crop will be harvested soon.
• Domestic prices also under pressure due to low local demand.
• Lentil imports from April-June expected to be 1,05,971 MT, up from 79,575 MT last year.
   

Urad

• Prices decreased in the first week of July but started to increase again in the second week.
• Imports for April-June are expected to be 74,391 MT as compared to 77,674 MT last year.
  
  

Mung

• Registration for the summer crop started in Madhya Pradesh and Gujarat.
• Farmers are holding stocks and waiting for procurement as prices are still under the MSP.
• Prices increased by Rs. 100-200. after the procurement declaration.
• Mung imports are still restricted.
  
  

Chana

• Prices increased in all markets due to increased local demand for chickpea flour.
• Arrivals in markets are reducing.
• Benchmark prices for Delhi, Rajasthan and MP chana were unable to touch the sentimental level of Rs. 5,000/quintal however, in many Maharashatra markets, chana traded at above the Rs. 5,000 level.
  
  

Sowing 

• Overall pulses sowing reached 9.39 MMT compared to 8.7 MMT last year.
• Pigeon pea sowing decreased to 2.58 MMT from 3.158 MMT last year.
• Mung sowing increased to 2.02 MMT from 1.585 MMT last year. Sowing in Rajasthan alone increased to 1.28 MMT from 0.73 MMT.
• Urad sowing increased from 1.563 MMT to 1.81 MMT.