Mumbai, 17 May 2024 (Commoditiescontrol): Chana prices have continued their upward trend due to strong demand from stockists and end users, coupled with limited supply. Local traders report that sellers are reluctant to liquidate stocks at current prices , anticipating further increases driven by government procurement at market rates. However, due to continiuos rise in prices this week some profit can be expcted begin next week, which may help stabilize prices.
In Delhi, prices have risen by Rs 75 to Rs 100 per quintal for the Rajasthan and Madhya Pradesh line respectively, driven by high demand for processing products. Despite the inactivity of sellers, prices in the Kanpur market have remained elevated.
Mandi prices are higher across markets due to increased demand. Local sources indicate that arrivals are low, and stockists are holding onto their supplies, contributing to firm prices.
Looking ahead, prices are expected to rise further as market sentiment shifts in response to government procurement activities. However, in Delhi, prices are not expected to exceed Rs 7,000 per quintal in the near future, as profit booking is anticipated to start at this level.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
