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Informist, Monday, Dec. 2, 2024

MUMBAI – The price trend in chana will mostly depend on the cost and freight prices of imports from Australia and the progress in the rabi acreage, the India Pulses and Grains Association said in its weekly report on Monday. The future trend will also depend on whether the government will extend the duty-free imports of yellow peas beyond Dec. 31, it said.

 

The association said there are several conflicting trends in chana currently. While prices of chana could rise due to low domestic stocks, delayed rabi sowing in key chana growing states and weather challenges, they could fall due to expectations of higher imports of the pulse, and availability of cheaper yellow peas, it said.

 

Prices of chana showed a mixed trend in the week ended Saturday due to the availability of cheaper imports, weak demand from millers, and lower-than-expected sales of processed chana despite the ongoing wedding season, the association said. Millers showed low interest in buying due to the below average quality of arrivals in the domestic markets.

 

A record rise in the imports of yellow peas has also affected the prices for domestic chana. The country has imported more than 1 million tonnes of yellow peas as of September during 2024-25 (Apr-Mar), according to data from the Ministry of Commerce and Industry.

 

Prices of imported chana from Tanzania and Australia rose due to a mild recovery in the cost and freight prices, the association said. Prices of Australian imports were also supported by the slowdown in harvest due to heavy rain, which delayed shipments. Prices of Australian imports at the Mundra port rose by INR 200 to INR 6,800 per 100 kg in the week ended Saturday. Prices of imports from Tanzania at the Mumbai port rose by INR 150 to INR 6,450 per 100 kg, according to the association.

 

In the week ended Saturday, chana prices in Indore in Madhya Pradesh were down INR 50 from a week ago to INR 6,750-6,800 per 100 kg, according to the report. Similarly, prices of chana in Akola in Maharashtra were down by INR 75 to INR 6,825-6,850 per 100 kg. On the other hand, prices in Bikaner in Rajasthan rose by INR 100 to INR 6,650-6,750 per 100 kg.  End

 

Reported by Shreya Shetty

Edited by Saji George Titus

 

 

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