In the gram production, challenges loom large for the Rabi season of 2023-24. A reduction in the sowing area and capricious weather conditions portend a drop in domestic gram production, estimated to be around 10.0 million tonnes. This potential decline raises concerns as it contrasts sharply with the 2022-23 season’s production of 10.5 million tonnes and the preceding season’s 11.0 million tonnes.
Analysing the Gram Balance Sheet
Delving into the gram balance sheet unravels intriguing insights. At the commencement of the 2023-24 marketing season, the anticipated backlog stock of gram is poised to be approximately 2.065 million tonnes nationwide. Despite a domestic production forecast of 10 million tonnes and a potential import of 0.15 million tonnes during the season, the total availability of this vital pulse is projected to reach 12.215 million tonnes. Of this, an estimated 10.5 million tonnes will be consumed domestically, leaving room for the potential export of about 0.05 million tonnes. Consequently, a surplus stock of 1.665 million tonnes of gram is anticipated after the 2023-24 marketing season.
Retrospective Glance at 2022-23 Marketing Season
Of this, an estimated 10.5 million tonnes is earmarked for domestic use, while other stocks are set for export. The season is poised to conclude with surplus stock, predominantly held by NAFED, a subordinate agency of the Central Government.
Understanding Uncertainty In Chana
The looming possibility of reduced production demands a strategic approach. The surplus stock, while seemingly reassuring, necessitates vigilant market observation. Exporters navigate the nuanced pulse market with an acute awareness of production trends, domestic consumption patterns, and potential export opportunities.
Conclusion
In the pulse market, particularly gram, the forecasted dip in production raises the stakes for exporters. The balance of domestic demand, surplus stock, and export potential requires traders to steer a meticulous course. As gram production hovers at the 10.0 million tonnes mark, exporters must remain nimble, adjusting sails to the winds of market movements, to ensure a successful voyage through the pulses market.