login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Chana Prices Maintain Upward Trend Amid Low Arrivals and Robust Mill Demand

1 Mar 2024 6:19 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Kottayam/Kochi Rubber Rates – 12 February 2024
Kottayam/Kochi Rubber Rates – 08 February 2024
Bangkok/kualalumpur Rubber Rates – 06 February 2...
Malaysia Rubber Physical Prices (Sen/Kg) – 06 Feb...
Thailand Rubber F.O.B. Offer Prices – 06 February ...
more
Top 5 News
Cotton Prices Dip in Lower Rajasthan on Reduced Buying;...
Cotton Prices Decline in North Indian States Amid Weak ...
Solapur Pulse Market: Tur Prices Surge; Chana Prices De...
NCDEX Stock position of commodities at NCCL approved wa...
Market Snapshot MCX - NCDEX
Top 5 Special Reports
Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...
Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa...
Mumbai Black Matpe (Urad) Trending Higher / Next Resis...
RBD Palm Olein (Kandla) Positive Short-term Trend / Ne...
Soybean Meal (Indore) Trending Higher / Next Resistanc...
Copyright © CC Commodity Info Services LLP. All rights reserved.