Mumbai, 01 Oct 2024 (Commoditiescontrol): Kabuli Chana (Kabuli Chickpea) prices continued to consolidate on Tuesday, maintaining a steady tone amid sluggish buying activity. In Indore, container deals remained stable following a mild correction in the previous session. Demand has been subdued during the Pitru Paksh period, which ends on Wednesday. The return of traders is expected to improve market sentiment in the near term.
The recent price fluctuations have been largely driven by weak domestic and export demand, coupled with intermittent arrivals. In Madhya Pradesh, approximately 3,000 bags of Kabuli Chana arrived, contributing to ongoing price instability.
In Indore, container prices held steady, ranging between ₹12,100 and ₹15,900 per quintal, depending on quality. Last week, the variety experienced a steady downward trend due to reduced demand in the region.
Meanwhile, in Mumbai, Sudan-origin Kabuli Chickpeas remained unchanged at ₹7,600 per quintal. In Indore’s local mandi, trade prices for Kabuli Chana continued to be stable, fluctuating between ₹13,000 and ₹14,000 per quintal.
In Jalgaon, the PKV2 variety saw a ₹100 dip, with prices ranging from ₹9,600 to ₹10,100 per quintal. Delhi markets reflected a steady tone, with the AP Line (Palogy/Rayalaseema/Cock2) and Karnataka Line trading between ₹10,500 and ₹12,100. The Maharashtra Line (PKV2) in Delhi held firm at ₹10,500-₹12,100, while the Indore Line (Mexico Double Dollar) traded between ₹13,800 and ₹16,100 per quintal.
Looking ahead, Kabuli Chana prices are expected to find support, with downside risks likely limited at current levels. As demand is expected to pick up post-Navratri and ahead of Diwali, the upcoming wedding season and Ramadan will further contribute to firm demand, providing a supportive outlook for prices in the near term.
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(By Commoditiescontrol Bureau; +91-9820130172)
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