Mumbai, 19 Apr 2024 (Commoditiescontrol): Chana (chickpea) prices continued their downward trend across major domestic markets. This decline is primarily attributed to slow buying activity by mills, which stems from weak demand for processed chana dal.
In key mandis (wholesale markets), chana prices were mostly low. Exceptions include Ashoknagar, Basoda, and Beena, where prices saw a slight increase of Rs 50 per quintal. Merta prices also recovered by Rs 100 per quintal today after a substantial drop yesterday. Industry sources in Rajasthan suggest localized buying by suppliers and kirana stores is helping to stabilize prices despite steady arrivals of the crop.
Major consumption hubs continued to experience low prices due to sluggish processor demand. End-user demand has reportedly dwindled following a recent price surge, leading to cautious buying behavior.
Market experts predict a continued softening of chana prices. The arrival of the new crop from Rajasthan, a major supplier, is expected to increase market supplies. Additionally, buyers are hesitant in light of potential government intervention to control prices.
However, government procurement plans to build buffer stocks at current prices and possible buying by stockists at lower levels could offer some price support, potentially limiting a steeper decline.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
