4-Nov-15
Item Open High Low Close % Cng OI Comments Spices Pepper 35490 35500 34420 34945-1.34 41 Turmeric 8730 9022 8710 8994 2.39 9915 Jeera 15700 15740 15555 15680 0.26 7290 Coriander 9201 9670 9170 9428-1.30 21040 Cardamom 776 787.5 770.7 776-0.13 808 Sugar m 2739 2760 2731 2749 0.99 56120 Cereals Wheat 1666 1674 1665 1669-0.18 940 Maize 1489 1492 1475 1489-0.13 15580 Barley 1455 1465 1431 1459.5 0.17 8270 Agro Market Most of the spices counter on the NCDEX yesterday ended with gains. Turmeric prices ended with more than two percent gains followed by gains in jeera prices whereas dhaniya prices ended with more than one and half percent losses. Turmeric prices gained on concerns over production due to erratic rainfall during monsoon. Jeera prices gained due to pickup in demand from the stockists and traders at the spot market. Others Chana 5000 5086 4996 5074 1.74 55180 Kapas 869 884 869 883.5 1.49 15129 Cotton 15790 15930 15790 15890 0.63 2517 Mentha Oil 934.2 936.2 927.3 932.8 0.06 10863 Soya Bean 3858 4016 3844 3997 3.36 82540 Ref.soya oil 618 625.8 616 624 0.86 138525 Cpo 403.5 404.7 397.3 400.4-1.09 5420 Rmseed 4835 4945 4828 4938 1.88 59860 Castorseed 4353 4437 4343 4421 1.45 197300 DAILY MARKET LEVEL COMMODITIES CARDAMOM WHEAT MENTHA OIL CHANA TURMERIC JEERA SOYABEAN R.SOYA OIL CLOSE RESISTANCE P. POINT SUPPORT OI OI (%) 776.0 1669 932.8 5074 8994 15680 3997 624.0 802.3 1682 945.8 5198 9418 15950 4232 638.0 794.9 1678 941.0 5142 9220 15845 4124 632.0 785.5 1673 936.9 5108 9106 15765 4060 628.0 778.1 1669 932.1 5052 8908 15660 3952 622.0 768.7 1664 928.0 5018 8794 15580 3888 618.0 761.3 1660 923.2 4962 8596 15475 3780 612.0 751.9 1655 919.1 4928 8482 15395 3716 608.0 808 940 10863 55180 9915 7290 82540 138525 18.48-12.15 0.34-2.06 16.58 11.67 0.16 3.91 SPOT MARKETS UPDATE CORIANDER SUGAR SOYABEAN CHANA TURMERIC JEERA R.SOYA OIL WHEAT RM SEED COTTON 9428 2749 3997 5074 8994 15680 624.0 1669 4938 15890-1.30 0.99 3.36 1.74 2.39 0.26 0.86-0.18 1.88 0.63
SOYABEAN 3858 4016 3844 3997 3.36 130.00 82540 114480 Soyabean trading range for the day is 3780-4124. Soybean prices gained due to lesser than expected arrivals from the new season crop and on concern over production in Madhya Pradesh. However, weak export demand for soymeals and better global weather outlook, capped some gains. NCDEX accredited warehouses soyabean stocks gained by 142 tonnes to 11624 tonnes. At the Indore spot market in top producer MP, soybean remains unchanged at 0 rupee to 3700 rupee per 100 kgs. BUY SOYABEAN DEC ON DROP @ 3920 SL 3850 TGT 3960-4020.NCDEX Soyabean settled up by 3.36% at 3997 due to lesser than expected arrivals from the new season crop and on concern over production in Madhya Pradesh. However, weak export demand for soymeals and better global weather outlook, capped some gains. The Soybean Processors Association of India said in its second advance estimates reported that India's total soybean production in 2015 is estimated to fall by 16.09% due to scanty monsoon. Total 2015 soybean production is estimated to be 7.3 million tons compared to 8.7 million tons a year ago, SOPA said. Soybean yield in 2015 is estimated to fell by 16.18% to 667,000 kilograms per hectare compared to 790,000 kilograms per hectare in previous year while sowing area as per government estimates stood at 5.9 million hectare compared to 5.5 million hectare a year ago. SOPA forecasted 3.4 million ton of soybean output in Madhya Pradesh, the biggest bean producer states in India, compared to 4.9 million tons a year ago. In the US soybean crop progress report, as on 01 November, the soybean harvested is reported by 92% which is up from 5 year average of 88% and up from 81% during the corresponding period last year. The harvesting pace slowed due to rains in the US Mid West. The international soybean benchmark, CBOT, is under pressure on improved bean supplies. At the Indore spot market in top producer MP, soybean remains unchanged at 0 rupee to 3700 rupee per 100 kgs.technically market is under fresh buying as market has witnessed gain in open interest by 0.16% to settled at 82540, now Soyabean is getting support at 3888 and below same could see a test of 3780 level, And resistance is now likely to be seen at 4060, a move above could see prices testing 4124. RM Seed 4835 4945 4828 4938 1.88 91.00 59860 50890 Rmseed trading range for the day is 4787-5021. Mustard seed ended with gains on buying at lower level tracking firmness in soyabean prices and on supply worries. USDA reported global rapeseed production forecast to decline 3.5 million tons in 2015/16 as a slight decrease in area reduces total output to 68.1 million tons. NCDEX accredited warehouses mustard seed stocks dropped by 9816 tonnes to 33011 tonnes. In the Alwar spot market in Rajasthan the price dropped -47.9 rupee to 4944.65 rupees per 100kgs. BUY RMSEED DEC @ 4880 SL 4850 SL 4940-4990.NCDEX Mustard Seed settled up by 1.88% at 4938 on buying at lower level tracking firmness in soyabean prices and on supply worries. USDA reported global rapeseed production forecast to decline 3.5 million tons in 2015/16 as a slight decrease in area reduces total output to 68.1 million tons. Indian Meteorological Department (IMD) reported that from the beginning of Oct till today Rajasthan has not received any rainfall which is likely to affect rabi sowing of rm seed. Rapeseed meal exports from India in September month slipped 8.16% on year to 60,211 tons in August on weak demand from South Korea, Iran and Thailand, data released from Solvent Extractors Association of India (SEA) showed. As per Rajasthan state agriculture department data, the sowing till date is pegged at 4.72 lakh hectares, less by 47 per cent compared to last year sowing of 8.91 lakh hectares. The shipment of rapeseed meal exports increased m-o-m to 60,211 tonnes in Sep compared to 49,788 tonnes in Aug. According to MOPA, the production of mustard for 2014-15 has been lowered to 49 lt, which was earlier forecasted at 57.4 lt. At Kota market sources reported arrivals at 1500 Bags, lower by 500 Bags as compared to previous day. At Jaipur market total arrivals are at 55000 Bags, higher by 5000 Bags as compared to previous day. In the Alwar spot market in Rajasthan the price dropped -47.9 rupee to 4944.65 rupees per 100kgs.Technically market is under short covering as market has witnessed drop in open interest by -2% to settled at 59860 while prices up 91 rupee, now Rmseed is getting support at 4863 and below same could see a test of 4787 level, And resistance is now likely to be seen at 4980, a move above could see prices testing 5021.
MENTHA OIL 934.2 936.2 927.3 932.8 0.06 0.60 10863 2108 Menthaoil trading range for the day is 923.2-941. Mentha oil spot at Sambhal closed at 1049.40 per 1kg. Spot prices is up by Rs.0.60/-. Mentha oil prices settled flat triggered by ample stocks position on higher supplies from major producing belts in Uttar Pradesh. However, expectations of pickup in demand as winter season demand starts on the export and domestic front, capped some losses. Global demand too is expected to rise at these lower levels in coming weeks. BUY MENTHA OIL NOV @ 926 SL 918 TGT 936-945.MCX Mentha oil settled flat triggered by ample stocks position on higher supplies from major producing belts in Uttar Pradesh. However, expectations of pickup in demand as winter season demand starts on the export and domestic front, capped some losses. With cooler winters anticipated for many parts of India this year, the demand may soon start picking up from the pharmaceutical sector. Global demand too is expected to rise at these lower levels in coming weeks. At Barabanki market arrivals were reported at 200 Drums(1-drum-180kg), steady as against previous day s arrival. At Chandausi market sources reported arrivals at 25 Drums(1-drum-180kg), up by 10 Drums(1-drum-180kg) as compared to previous day. At Rampur market estimated market supply was at 5 Drums(1-drum=180kg), lower by 2 Drums(1-drum=180kg) as compared to previous day. At Bareilly market sources reported arrivals at 3 Drums(1-drum-180kg), steady as against previous day s arrival. Mentha oil production in India is likely to decline by 20% due to lower plantings of the aromatic herb on falling prices in the last two years. In fact, huge carryover stocks from the previous year coupled with huge capacity built up of synthetic mint, a substitute of mentha oil, also discouraged farmers to bring less area under mentha plant this year. Mentha oil spot at Sambhal closed at 1049.40 per 1kg. Spot prices is up by Rs.0.60/-.Technically market is under fresh buying as market has witnessed gain in open interest by 0.34% to settled at 10863, now Menthaoil is getting support at 928 and below same could see a test of 923.2 level, And resistance is now likely to be seen at 936.9, a move above could see prices testing 941. CHANA 5000 5086 4996 5074 1.74 87.00 55180 42380 Chana trading range for the day is 4962-5142. Chana prices gained as support seen after Maharashtra government has decided to lift the storage limit it had imposed on imported pulses. Prices also seen supported due to pick-up in demand in the spot market against tight supplies from the major producing belts. NCDEX accredited warehouses chana stocks dropped by 1200 tonnes to 9423 tonnes. In Delhi spot market, chana gained by 28.9 rupee to end at 5100 rupee per 100 kgs. BUY CHANA DEC @ 5020 SL 4980 TGT 5060-5100.NCDEX Chana settled up by 1.74% at 5074 as support seen after Maharashtra government has decided to lift the storage limit it had imposed on imported pulses. Prices also seen supported due to pick-up in demand in the spot market against tight supplies from the major producing belts. However, pulses' sales by various states at reasonable rates at designated outlets, capped some gains. India's 2014-15 pulses output declined 11% to 17.20 million ton due to weak monsoon and adverse weather according to fourth advance estimates released by agriculture ministry. The Agriculture Ministry has sought inter-ministerial comments on a proposal to create a buffer stock of 3.5 lakh tonnes of pulses in 2015-16 crop year. The sowing of chickpea has already begun in the southern States such as Karnataka, Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu and early trends suggest that acreage under this main pulses crop is set to make a significant gain this season. The ministry of agriculture forecast a lower output of tur this kharif at 2.61 million tonnes in the first advance estimate, issued in September as compared to 2.78 mt the previous year and 3.17 mt in 2013-14. Total output of pulses in the 2014-15 crop year (July June) fell sharply to 17.2 mt from 19.25 mt in 2013-14. Around 50 motors of Chana have been reported at Delhi mandi against average daily arrivals of 45 motors. In Delhi spot market, chana gained by 28.9 rupee to end at 5100 rupee per 100 kgs.technically market is under short covering as market has witnessed drop in open interest by -2.06% to settled at 55180, now Chana is getting support at 5018 and below same could see a test of 4962 level, And resistance is now likely to be seen at 5108, a move above could see prices testing 5142.
TURMERIC 8730 9022 8710 8994 2.39 210.00 9915 8825 Turmeric trading range for the day is 8596-9220. Turmeric prices gained on concerns over production due to erratic rainfall during monsoon. Moreover, reports of lower sowing and water stress conditions in major turmeric growing state may affect yields. As per latest sowing data from various state departments, turmeric sowing in Andhra Pradesh was on 15,753 hectares. In Nizamabad, a major spot market in AP, the price ended at 8814.25 rupees gained 30.05 rupees. SELL TURMERIC DEC BELOW 8900 SL 9100 TGT 8780-8650.NCDEX Turmeric settled up by 2.39% at 8994 on concerns over production due to erratic rainfall during monsoon. Moreover, reports of lower sowing and water stress conditions in major turmeric growing state may affect yields. This year monsoon rain that covered entire country in June provided an ideal moisture condition. However, the intensity of rainfall decreased during July and August resulting in moisture stress in Telangana, Karnataka and Maharashtra. Thus, turmeric acreage in these states declined. As per latest sowing data from various state departments, turmeric sowing in Andhra Pradesh was on 15,753 hectares, an increase over last year s acreage but well below the normal sowing area of over 19,000 hectares. In Telangana, turmeric has been planted in 40,823 hectares, about 17 per cent lower than the normal sowing area. Similarly in Maharashtra and Karnataka the acreage dropped by about 25-30 per cent to 7,000 hectares and 12,000 hectares respectively. However, due to better irrigation facilities and sufficient rains, acreage in Tamil Nadu increased by 10-12 per cent compared to last year to over 50,000 hectares. Just a week more for the Deepavali, the demand for the hybrid turmeric has increased. The local traders will dispatch the turmeric to North India for the Deepavali sale there and after that the traders will purchase little quantity to stock them. In Nizamabad, a major spot market in AP, the price ended at 8814.25 rupees gained 30.05 rupees.technically market is under fresh buying as market has witnessed gain in open interest by 16.58% to settled at 9915 while prices up 210 rupee, now Turmeric is getting support at 8794 and below same could see a test of 8596 level, And resistance is now likely to be seen at 9106, a move above could see prices testing 9220. JEERA 15700 15740 15555 15680 0.26 40.00 7290 3633 Jeera trading range for the day is 15475-15845. Jeera prices gained due to pickup in demand from the stockists and traders at the spot market. Though, timely sowing on favorable weather at the major producing regions of Gujarat and Rajasthan, capped some gains. NCDEX accredited warehouses jeera stocks dropped by 114 tonnes to 6605 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by - 93.35 rupees to end at 16166.65 rupee per 100 kg. SELL JEERA DEC @ 15800 SL 15950 TGT 15580-15400.NCDEX Jeera settled up by 0.26% at 15680 due to pickup in demand from the stockists and traders at the spot market. Though, timely sowing on favorable weather at the major producing regions of Gujarat and Rajasthan, capped some gains. The jeera export from India may surge in coming months as Jeera from Syria, Turkey may be lower, and now the preferred location would be India. According to govt data, exports for 2015-16 shows a decline trend compared to last year until September. As per fourth advance estimate of Gujarat State, production is expected at 1.58 lt in 2014-15, which is 54.3 % lower, compared to last years production of 3.46 lakh tonnes. Jeera sowing recorded 2.64 lh, 42% less sowing compared to last year s 4.54 lh in Gujarat last year. There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan. As per Government data, 2.41 lh of cumin crop is damaged in Rajasthan At Unjha market in Mehsana sources reported arrivals at 4000 quintals, down by 1000 quintals as compared to previous day. At Rajkot market in Rajkot (Guj.) arrivals were reported at 375 quintal, up by 55 quintal as compared to previous day. At Patan market total arrivals are at 92 quintals, up by 38 quintals from previous trading day. In Unjha, a key spot market in Gujarat, jeera edged down by - 93.35 rupees to end at 16166.65 rupee per 100 kg.technically market is under fresh buying as market has witnessed gain in open interest by 11.67% to settled at 7290 while prices up 40 rupee, now Jeera is getting support at 15580 and below same could see a test of 15475 level, And resistance is now likely to be seen at 15765, a move above could see prices testing 15845.
CASTORSEED 4353 4437 4343 4421 1.45 63.00 197300 100210 SUP-3 SUP-2 SUP-1 P.P. RES-1 RES-2 RES-3 OI (%) 4269 4306 4363 4400 4457 4494 4551 10.76 Castorseed settled up 1.45% at 4421, technically market is under fresh buying as market has witnessed gain in open interest by 10.76% to settled at 197300 while prices up 63 rupee, now Castorseed is getting support at 4363 and below same could see a test of 4306 level, And resistance is now likely to be seen at 4457, a move above could see prices testing 4494. Castorseed trading range for the day is 4306-4494. BUY CASTORSEED JUNE @ 3160 SL 3135 TGT 3185-3210.NCDEX The spot prices of castorseed in Disa mandi gained 39.4 rupee to 4243.3 rupees per kg. MAIZERABI 1489 1492 1475 1489-0.13-2.00 15580 2970 SUP-3 SUP-2 SUP-1 P.P. RES-1 RES-2 RES-3 OI (%) 1461 1468 1478 1485 1495 1502 1512-0.06 Maize trading range for the day is 1468-1502. Maize prices ended with losses tracking weakness in spot demand and overseas prices. New crop arrivals with moisture level of around 14-16% are weighing on market sentiments. At Ahmedabad market in Gujarat total arrivals are at 6000 bags, down by 1000 bags as compared to previous day. In Nizamabad maize prices gained 2.3 rupee to end at 1470 rupees per 100 kg. SELL MAIZE DEC @ 1495 SL 1510 TGT 1485-1470.NCDEX Maize settled down by -0.13% at 1489 tracking weakness in spot demand and overseas prices. New crop arrivals with moisture level of around 14-16% are weighing on market sentiments. Market is expected to trade lower in the short run as quantity of crop arrivals to the market has increased. In Nizamabad, new crop with moisture level of 14% is ruling at Rs. 1370 per quintal. Further dip from current level is unlikely despite arrival pressure from new crop. Despite new crop arrival pressure maize cash market is likely to trade steady ahead as more dip is unlikely due to fresh demand of feed makers. Erratic monsoon this year would hit corn production despite higher sowing reported across growing regions in India. Corn has been sown on 7.59 million hectares compared with 7.46 million hectares last year, according to the data from Department of Agriculture & Cooperation. Corn production is expected to be around 20 million tonnes, lowest in last five years due to irregular rainfall across growing regions of Tamil Nadu, Andhra Pradesh, Maharashtra and Madhya Pradesh. At Nizamabad market in Andhra Pradesh sources reported arrivals at 2000 Qtl, steady as against previous day s arrival. At Ahmedabad market in Gujarat total arrivals are at 6000 bags, down by 1000 bags as compared to previous day. At Koppal market estimated market supply was at 10000 Bags, unchanged as compared to previous day s arrival. In Nizamabad maize prices gained 2.3 rupee to end at 1470 rupees per 100 kg.technically market is under long liquidation as market has witnessed drop in open interest by -0.06% to settled at 15580, now Maize is getting support at 1478 and below same could see a test of 1468 level, And resistance is now likely to be seen at 1495, a move above could see prices testing 1502.
MONTH OPEN HIGH LOW CLOSE OPEN INT MCX CARDAMOM CHANGE IN RS. CHANGE IN % OTHER COMMODITY ITEMS TRADING LEVEL Dec 2015 776.0 787.5 770.7 776.0 808-1 -0.13 664 769 761 752 Weak Resistance 778 MONTH 786 795 802 VOLUME OI (%) 18.48 NCDEX REF.SOYA OIL Dec 2015 618.0 625.8 616.0 624.0 138525 5.3 0.86 68360 618 612 608 Positive Resistance 622 MONTH 628 632 638 3.91 MCX CRUDE PALM OIL Nov 2015 403.5 404.7 397.3 400.4 5420-4.4-1.09 4084 396.9 393.4 389.5 Weak Nov 2015 Res-1 Res-2 Res-3 Resistance 400.8 MONTH 404.3 408.2 411.7 6.82 NCDEX BARLEY Dec 2015 1455.0 1465.0 1431.0 1459.5 8270 2.5 0.17 3930 1439 1418 1405 Positive Resistance 1452 MONTH 1473 1486 1507 13.13 NCDEX RMSEED Dec 2015 4835 4945 4828 4938 59860 91 1.88 50890 4863 4787 4746 Positive Resistance 4904 MONTH 4980 5021 5097-2 NCDEX SOYABEAN Dec 2015 3858.0 4016.0 3844.0 3997.0 82540 130 3.36 114480 3888.0 3780.0 3716.0 Positive Resistance 3952.0 MONTH 4060.0 4124.0 4232.0 0.16 NCDEX WHEAT Dec 2015 1666 1674 1665 1669 940-3 -0.18 730 1664 1660 1655 Weak Resistance 1669 MONTH 1673 1678 1682-12.15 NCDEX SUGARM Dec 2015 2739 2760 2731 2749 56120 27 0.99 17400 2734 2718 2705 Positive Resistance 2747 MONTH 2763 2776 2792 0.21 NCDEX REF.SOYA OIL JUNE
SPREAD UPDATE DAILY SPREAD IN MENTHA OIL - MCX DAILY SPREAD IN SOYABEAN - NCDEX MONTH RATE Nov 2015 Dec 2015 Jan 2016 MONTH RATE Dec 2015 Jan 2016 Feb 2016 Nov 2015 932.8 12.5 23 Dec 2015 3997 51 88 Dec 2015 945.3 10.6 Jan 2016 4048 37 Jan 2016 955.9 Feb 2016 4085 Spread between Menthaoil NOV & DEC contracts yesterday ended Spread between Soyabean DEC & JAN contracts yesterday ended at Rs.12.5, we have seen yesterday Menthaoil future had traded at Rs.51, we have seen yesterday Soyabean future had traded in in a positive zone and settled 0.06% up. a positive zone and settled 3.36% up. DAILY SPREAD IN CPO - MCX DAILY SPREAD IN CHANA - NCDEX MONTH RATE Nov 2015 Dec 2015 Jan 2016 MONTH RATE Dec 2015 Jan 2016 0 Nov 2015 400.4 6 12 Dec 2015 5074-127 -5074 Dec 2015 406.4 6 Jan 2016 4947-4947 Jan 2016 412.4 0 0 Spread between CPO NOV & DEC contracts yesterday ended at Spread between Chana DEC & JAN contracts yesterday ended at Rs.6, we have seen yesterday CPO future had traded in a Rs.-127, we have seen yesterday Chana future had traded in a negative zone and settled -1.09% down. positive zone and settled 1.74% up. DAILY SPREAD IN JEERA - NCDEX DAILY SPREAD IN TURMERIC - NCDEX MONTH RATE Dec 2015 Jan 2016 0 MONTH RATE Dec 2015 Apr 2016 May 2016 Dec 2015 15680 235-15680 Dec 2015 8994 1094 1092 Jan 2016 15915-15915 Apr 2016 10088-2 0 0 May 2016 10086 Spread between Jeera DEC & JAN contracts yesterday ended at Spread between Turmeric DEC & APR contracts yesterday ended Rs.235, we have seen yesterday Jeera future had traded in a at Rs.1094, we have seen yesterday Turmeric future had traded positive zone and settled 0.26% up. in a positive zone and settled 2.39% up. DAILY SPREAD IN CARDAMOM - MCX DAILY SPREAD IN REF.SOYA - NCDEX MONTH RATE Dec 2015 Jan 2016 Feb 2016 MONTH RATE Dec 2015 Jan 2016 Feb 2016 Dec 2015 776 26.7 54 Dec 2015 624-7.25-12 Jan 2016 802.7 27.6 Jan 2016 616.75-4.65 Feb 2016 830.3 Feb 2016 612.1 Spread between Cardamom DEC & JAN contracts yesterday Spread between Ref.Soyaoil DEC & JAN contracts yesterday ended at Rs.26.7, we have seen yesterday Cardamom future had ended at Rs.-7.25, we have seen yesterday Ref.Soyaoil future traded in a negative zone and settled -0.13% down. had traded in a positive zone and settled 0.86% up.
NEWS YOU CAN USE The government said prices of pulses continued to show a declining trend both in the wholesale and retail markets, with more States selling them at cheaper rates. There has been a decline of more than Rs. 2,400 per quintal in the wholesale market in the prices of tur dal and the same is reflected in retail prices also, an official release said, adding that so far, under anti-hoarding operations, 10,903 raids had been conducted and 1,24,209 million tonnes of pulses had been seized across the States. It said more States, including Andhra Pradesh, Telangana, Tamil Nadu and Maharashtra, held meetings with wholesalers to make pulses available in the retail market at reasonable prices. Andhra Pradesh, Tamil Nadu, Telangana, Haryana and Himachal Pradesh are also distributing pulses at subsidised rates through the public distribution system, as are Gujarat, Jharkhand, Delhi, Chhattisgarh and Uttarakhand, the release added. The Agriculture Ministry has moved a proposal to create a buffer stock of 3.5 lakh tonnes of lentils during the current 2015-16 crop year through domestic purchase or imports to prevent a further price rise in pulses. With retail prices skyrocketing to about Rs. 200 per kg, the Centre had last month announced that it will create a buffer stock of lentils and the same will be offloaded in the market should prices firm up. The Agriculture Ministry has sought inter-ministerial comments on a proposal to create a buffer stock of 3.5 lakh tonnes of pulses in 2015-16 crop year, sources said. Out of the proposed 3.5 lakh tonnes, about 1.5 lakh tonnes of tur and urad will be procured in the ongoing kharif marketing season and the rest 2 lakh tonnes of chana and masoor will be bought in the rabi marketing season. These pulses will be purchased locally or through imports using the Rs. 500-crore Price Stabilisation Fund and a scheme that supports MSP operations. Pulses will be procured both at the minimum support price as well as market rates. The state-owned Food Corporation of India (FCI), Small Farmers Agriculture-Business Consortium (SFAC) and Nafed will be engaged in the pulses procurement, they added. In the ongoing kharif marketing season, which started last month, the ministry has proposed that FCI will procure 1 lakh tonnes of tur and urad while Nafed and SFAC will buy 40,000 tonnes and 10,000 tonnes, respectively. In the rabi marketing season starting in March next year, Nafed will buy 1 lakh tonnes of pulses while FCI and SFAC will go for 90,000 tonnes and 10,000 tonnes, respectively.
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