Chana Prices Stabilize, Markets Affected by Holiday Closures

Mumbai, 08 Apr 2024 (Commoditiescontrol) Chana prices in select mandis across India remained stable on Tuesday, April 9th, 2024. Activity slowed in many mandis due to festive closures arrival were down by almost 50% than average arrival . However, the Kareli market saw a notable increase of Rs 200 per quintal, attributed to improved crop quality and a recovery from losses incurred earlier due to market pressures.

Chana bilty prices in major markets also showed an upward trend, rising by Rs 25-100 per quintal following a weaker trading session. This uptick is supported by a rise in dal prices and strong demand from dal millers. Despite this, potential price increases may be limited due to the Government of India's (GOI) recent extension of the Matar import window to June 30th. Importers can now import peas without facing Minimum Import Price (MIP) or port restrictions until that date.

Spot Chana Prices In Key Indian Markets:

(By Commoditiescontrol Bureau; +91-9820130172)