Mumbai, 14 May 2024 (Commoditiescontrol): The Kabuli chana (chickpea) market in Indore remained stable on Tuesday despite a decline in arrivals. Only 2370 quintals of Kabuli chana arrived at the mandi, leading to concerns about supply.
Prices in the container trade remained unchanged due to a combination of factors. While demand from stockists was reported as dull, sporadic demand from exporters helped maintain stability despite the lower arrivals. Market prices have remained relatively consistent over the past two months.
Export quality Kabuli Chana was trading at Rs12800/quintal.
Market analysts predict that Kabuli chana prices will continue to trade within a limited range at current levels. The sharp correction in prices since the start of the season makes further declines unlikely. However, the conclusion of Ramzan last month and a pause in the wedding season have dampened market demand, limiting any potential for significant price increases.
The Kabuli chana market in Indore is expected to remain steady in the near future, with prices fluctuating within a narrow band.
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(By Commoditiescontrol Bureau; +91-9820130172)
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