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Chana Weekly Prices Traded Down During the Week

Chana prices traded down by 1-2 %, on an average due to new arrivals couple with subdued trading activity by stockists, millers and processers during the week under review. It traded slightly down by 2.44 % to INR 5000 per quintal in Indore. At Delhi too, Rajasthan Chana traded down by 1.46% to INR 5075 per quintal. Chana may continue to trade range bound in the near term with weak bias. Chana (desi type) sowing in states like M.P., Rajasthan and U.P. has trailing behind by 1.55%. Reportedly, this season desi Chana (Bengal Gram) sowing is less in MP, UP and Rajasthan while Kabuli chana area has gone up in MP and in Maharashtra. Overall, the crop condition is reportedly good so far. Crop is nearing at harvesting stage in southern India (Maharashtra, Karnataka & A.P.) while it is in vegetative to early reproductive phase in other key growing states.