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Informist, Monday, Nov. 11, 2024

 

MUMBAI – Prices of chana are expected to remain under pressure due to weak demand and availability of cheaper yellow peas and chana imports from Australia, the India Pulses and Grains Association said in its weekly report. 

 

Meanwhile, the sowing of chana in the current rabi season has been delayed in several parts of the country. Overall sowing of chana has reduced, and is progressing slowly, the report said. 

 

In Maharashtra's Amravati district, chana sowing is delayed by 20–25 days due to rainfall in October. Chana acreage is likely to be lower as more area was used for sowing tur during the kharif season. The area sown under chana could also fall as farmers prefer wheat due to better irrigation facilities. Chana acreage could be seen in areas with limited water, the report said.

 

In the Khategaon district in Madhya Pradesh, maize acreage is higher in the rabi season so far due to lower production costs and better returns, while wheat and chana acreage covered 15-20% of the area collectively. Chana acreage in the Dewas district is also lower as farmers prefer wheat due to better water availability, the report said. In Bina, chana and masur acreage is expected to cover 50% of the district's area, while wheat is seen covering 30%. Wheat sowing is likely to be higher than chana in Ashoknagar and Gaderwara, the report said. In Khurai and Neemuch, acreage under chana is expected to be similar to last year.

 

Prices of chana dropped in the week ended Saturday due to low buying from millers and overall low demand for chana dal and besan, the report said. A rise in the use of cheaper yellow peas as a substitute and a higher supply of the government's brand Bharat Chana dal, with cheaper prices, pushed prices further down, the report said.

 

Moreover, a drop in the cost and freight charges of the shipments of chana from Australia, along with lower quotes for the upcoming vessel carrying chana at the Mudra port weighed on prices. As such, market sentiment weakened and drove prices down despite low stocks of domestic chana and a delay in rabi sowing, the report said.

 

In the week ended Saturday, chana prices in Indore in Madhya Pradesh, were down by INR 250 per 100 kg from a week ago at INR 7,000-7,050 per 100 kg, according to the report. Similarly, prices of chana in Akola in Maharashtra were also down by INR 25 per 100 kg at INR 7,100-7,125 per 100 kg.  End

 

Reported by Shreya Shetty

Edited by Vidhi Verma

 

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