Pulses body sees chana prices supported at lower rates on some miller demand
This story was originally published at 11:23 IST on 28 April 2025
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MUMBAI – Chana prices could find support at lower rates due to some need-based demand from millers, the India Pulses and Grains Association said in its weekly report Monday. Demand from stockists at lower prices could also prevent a drop in prices, it said.
However, the demand will not be substantial enough to lead to a steep rise in prices. A rise in prices could also be prevented due to muted demand for besan during the summer, and due to availability of cheaper substitutes such as yellow peas, the association said.
The government's procurement could help support prices, though progress on this has been sluggish, the association said. So far, the government has procured 31,000 tonnes of chana, around 1% of the total sanctioned amount of 2.8 million tonnes for the rabi marketing season 2025-26 (Apr-Mar). It also falls short of the buffer norm of 1 million tonnes, the association said. This shortfall is attributed to farmers preferring to sell in spot markets, where prices are higher than the minimum support price of INR 5,650 per 100 kg offered by the government.
Prices of chana fell in the week ended Saturday due to low buying activity, the association said. Prices of chana dal, or processed chana, also fell due to weak demand from end users.
In the week ended Saturday, prices of chana in Indore, Madhya Pradesh, fell by INR 100 from the previous week to INR 6,050 per 100 kg, according to the association. Prices of chana in Akola, Maharashtra, fell by INR 100 from the previous week to INR 6,025-INR 6,050 per 100 kg. End
Reported by Shreya Shetty
Edited by Nishant Maher
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