New Delhi, March 01 (Commoditiescontrol): Chana (chickpea) prices continue their upward surge, fueled by a combination of heightened demand from mills and a decrease in arrivals. The prevailing wet weather conditions in major Chana growing regions have impeded harvesting operations, contributing to the reduction in arrivals. Although a surge in supply is anticipated from mid-March onwards, the current scarcity has maintained the upward pressure on prices.
Despite the expected decline in supply, chana prices have not witnessed the anticipated spike, primarily due to the influx of pea imports (matar) into the market. Reports suggest that the government may extend the window for imports until June, considering the current availability of Rabi pulses. This arrival has mitigated the impact on domestic chana prices, providing a temporary buffer.
However, as domestic arrivals continue to slow down and the influence of pea imports subsides, market analysts anticipate a rise in chana prices. The combination of reduced supply and sustained demand is likely to exert upward pressure on the market.
The government's potential decision to engage in purchases at market prices is another factor expected to contribute to the upward trajectory of chana prices. Government interventions often play a significant role in shaping market dynamics, and as arrivals decrease, such purchases are likely to further support the prices.
Spot chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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