New Delhi, March 04 (Commodities Control): Kabuli Chana prices in major markets have maintained stability for the second consecutive session, driven by robust buying activity. The market is witnessing strong demand, and recent reports of crop damage in Madhya Pradesh and Kabul due to rainfall have further intensified buying activity among traders. Despite the crop being ready for harvest, heavy rains have caused a delay in the harvesting process. Prices for both Mandi (wholesale markets) and containers were established today.
Reports of crop damage in Madhya Pradesh and Kabul due to rainfall have stimulated buying activity among market participants. The delay in harvesting caused by heavy rains is contributing to the stability in prices.
Anticipation of increased demand during upcoming holidays is acting as a supporting factor for stable prices in the short term.
The recent weather anomaly, including heavy rains, has raised concerns about potential crop losses, which is influencing the buying sentiment in the market.
The Kabuli Chana market is currently characterized by a steady sentiment, supported by strong buying activity, concerns about crop damage, and upcoming holiday demand. The delayed harvesting process due to adverse weather conditions is a key factor contributing to the stability in prices. However, if there is no significant crop damage, the sharply higher acreage may weigh on prices in the future.
Spot Kabuli chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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