Mumbai, 11 Apr 2024 (Commoditiescontrol):Chana (chickpea) prices showed a mixed trend on April 12th, 2024, following the Indian Department of Consumer Affairs' recent directive for mandatory weekly disclosure of pulse stocks.
The benchmark Delhi market, previously driving price gains, closed with losses attributed to the announcement and reduced trading volume.
Conversely, Maharashtra markets saw chana prices rise by Rs 50-150 per quintal, supported by strong demand from South India. Kanpur also posted an uptrend of Rs 100 per quintal due to positive demand.
Ramadan closures impacted most mandis. Open markets in Rajasthan showed mixed results, with prices in Merta declining likely due to increasing harvest arrivals.
The post-Holi rally in chana prices has been tempered by the government's stock disclosure mandate, which may result in selling pressure in chana and matar. Market response was muted yesterday due to closures, and today's trading will reveal the actual impact.
Prices are expected to face further pressure from increasing arrivals in Rajasthan, Maharashtra, and Madhya Pradesh as market resumes operation after festive holidays. However, anticipated government procurement and lower crop yields could potentially limit losses.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
