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Chana prices gain in local markets on mill demand

28 Jun 2022 6:21 pm
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Mumbai, 28 Jun (Commoditiescontrol): Chana ot chickpea traded marginally higher, as per quality, at major local markets on limited mills purchase that reflects thin offtake of dal-besan.

However, there are hopes of revival in demand for besan with the onset of monsoon season.

Most markets were closed due to Amavasya or (no moon day). Domestic arrivals pressure remained less as farmers are busy with Kharif sowing.

Traders see limited downside from the current price unless the government decides to dispose of its stock at low prices.

As on June 28, 2022, NAFED has procured 14,14,254 MT of Chana at MSP of Rs 5,230 under PSS during the 2022 Rabi season. Maharashtra: 6,86,616 MT, Karnataka:73,863 MT, Gujarat: 5,58,622 MT, Andhra Pradesh: 71,840 MT and Uttar Pradesh: 23,313 MT.

FCI procured 73,689 MT of Chana at MSP of Rs 5,230 under PSS during the 2022 Rabi season.

Spot Chana Prices In Key Indian Markets:

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