Mumbai, 20 Sep 2024 (Commoditiescontrol): Chana (chickpea) prices traded firm on Friday, supported by increased miller buying at lower levels, inactive sellers, and slow arrivals. Millers became more active in key trading hubs, including Delhi, Indore, Akola, Kanpur, Dewas, Sagar, and Kareli, driven by expectations of rising retail demand ahead of the upcoming festival season. This renewed interest, coupled with limited supply, bolstered prices. Chana dal prices in Rajasthan and Karnataka also reflected similar trends.
However, demand is expected to slow during Pitru Paksha, a period of traditional low consumer activity, which began last Wednesday and ends on October 3. Prices may see a temporary dip during this phase but are likely to pick up again with the start of Navaratri, as retailers prepare for the festival season, particularly Deepawali.
In the international market, prices of Tanzania-origin chana held steady at $830 per metric ton, while Australia-origin chana gained $10 to trade at $880. In Rupee terms, Tanzania-origin chana rose by ₹100 to ₹7,100 per quintal, and Australia-origin chickpeas increased by ₹200 to ₹7,600 per quintal, reflecting stable global demand.
Domestically, All Expenses Paid (Bilty) quotes indicated a rise. Chana prices in Delhi, Rajasthan, and Madhya Pradesh increased by ₹50, with prices ranging from ₹7,900 to ₹7,950 per quintal. Indore’s Katewala variety saw a similar rise, trading between ₹7,650 and ₹7,800 per quintal, while Jaipur’s Desi chickpeas remained steady at ₹7,950 to ₹8,000 per quintal.
Mandi prices mostly remained firm, with slight gains reported in markets like Amravati, Lalitpur, Kishangarh, and Kota, while Dewas, Sagar, and Kareli experienced increases of more than ₹200 per quintal.
Looking ahead, Chana prices are expected to remain subdued during Pitru Paksha but could rebound with the onset of Navratri, as demand gears up for the festive season.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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