Mumbai, 03 Apr 2024 (Commoditiescontrol): Chana (chickpea) prices in India's major mandis (wholesale markets) experienced a significant increase today due to robust demand at lower price levels. Additionally, the recent drier weather has led to enhanced quality, further contributing to the price recovery.
The IMD (India Meteorological Department) predicts above-normal temperatures in April, with heatwave warnings in prominent states. This forecast suggests sustained prices as lower moisture content becomes the norm. Kareli witnessed a notable price rise of Rs 400 per quintal, attributed to better quality and reduced arrivals.
Chana bilty prices in major markets also increased by Rs 50-100 per quintal, fueled by high demand from dal manufacturers. With an anticipated lower crop yield, buyers are aggressively securing supplies.
The chana harvest is nearing completion, with 80-90% of crops harvested. Recent dry weather in key cultivation areas is expected to accelerate and complete the final phase of harvesting within a week. Arrivals are likely to increase, however, improved quality paired with the expectation of a overall lower prodduction this season is expected to support the prices.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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