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

Chana Prices Show Mixed Trend, Limited Trading Due to Festivals

16 Apr 2024 6:38 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 16 Apr 2024 (Commoditiescontrol):Chana (chickpea) prices displayed a mixed pattern across north Indian markets today, influenced by religious observances . Limited trading activity due to Ashtmi today and the Ram Navmi tomorrow resulted in mixed trend in the market.

Prices increased in major consuming centers like Jaipur, Raipur, and Indore, attributed to strong demand from processors. In contrast, markets in Akola and Kanpur witnessed a decline in prices due to subdued demand. Delhi reported stability in prices with reduced activity today.

Market analysts predict a continued downward trend in chana prices. The imminent arrival of the new crop from Rajasthan, a key supplier, will increase market supply. Additionally, cautious market participation, stemming from concerns about potential government intervention to control prices, is anticipated to weaken demand. Furthermore, industry reports indicate a slowdown in demand for dal (lentils) due to a shorter wedding season.

However, anticipated government purchases to build buffer stocks at market prices, along with buying activity by stockists at lower levels, are expected to provide some support and limit the extent of the decline in chana 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
Mumbai Pulse Market Sees Stable to Weak Trend in Pulse ...
Branded Processed Pulses At Mumbai Apmc Market - 13 Jul...
CNF Chennai Port Burma Prices In $ - 13 Jul 2024
Solapur Pulse Market Sees Decline in Tur Prices, Chana ...
Mixed Trends in Tur Market: Desi Tur Weakens While Burm...
more
Top 5 News
US Cotton Crop Progresses Ahead of Schedule but Faces Q...
Castor Oil Prices Surge Amid Sowing Decline and Strong ...
Coriander Market Remains Sluggish in Gujarat; Prices St...
Cumin Prices Drop in Gujarat Due to Decreased Demand
Cotton Arrivals Total 17,500 Bales Across Major Produci...
Top 5 Special Reports
USDA lowers 2024-25 global soybean production estimates...
USDA revises 2024-25 global cotton ending stocks estima...
Textile Industry Pins Hopes on Upcoming Union Budget
US cotton net sales for June 28-July 4 at 54,100 RB, do...
US Soybean net sales for June 28-July 4 at 208,000 MT, ...
Copyright © CC Commodity Info Services LLP. All rights reserved.