Sturdy sowing practices in major producing states of chana such as Madhya Pradesh, Andhra Pradesh and Karnataka owing to favourable temperature along with stockiest selling added some bearishness in physical markets from last one week. Prices of Kabuli Chana have been shaved off by almost Rs200 per quintal.As per latest data released by Ministry of Agriculture, the total sowing acreage of chana was at 61.96 lakh ha. against 52.45 lakh ha.
Reported last year in the same period. This was mainly on the account of heavy rainfall in Andhra Pradesh and Karnataka.The prices of chana have been shrugged off by almost Rs 200 per quintal in major trading stations. At Lawrence road, Kabuli quality chana was quoted at around Rs 3080-3100 per quintal . While the total daily arrivals have been hovering in the range of 8000-9000 bags. Prices are expected to remain weak in the coming days owing to sharp selling by stockiest.
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