Mumbai, 07 Nov (Commoditiescontrol): Kabuli chana prices continued their downward trend in both mandi and container trade in Indore, which serves as a benchmark market, as rising arrivals and subdued export demand weighed heavily on market sentiment. Traders reported that much of the available stock is currently held by farmers, who have been liquidating their inventory following the Diwali festival, contributing to the ongoing price decline. Limited export opportunities have also persisted, primarily due to high domestic prices making exports unviable.
On Thursday, total arrivals in Madhya Pradesh mandis reached approximately 8,500 bags, with Indore accounting for 4,705 bags. Container trade in Indore experienced a significant drop, with prices falling by ₹700 across various varieties.
Mandi arrivals totaled 3,795 bags, with prices ranging from ₹11,000 to ₹13,800 per quintal. In the container market, prices varied based on quality, ranging from ₹11,700 to ₹15,500 per quintal. Meanwhile, in Jalgaon, prices for the PKV2 variety remained steady, and Delhi markets also saw stable pricing. In Mumbai, Sudan-origin Kabuli chana was offered at ₹7,100 per quintal, down by ₹100.
Despite the current decline in prices, analysts suggest that further downside may be limited as demand is expected to increase in anticipation of the upcoming wedding season and Ramadan. Additionally, international prices are likely to gain traction as Ramadan approaches, potentially boosting export demand and providing support to domestic prices.
Spot Kabuli Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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