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Higher chana arrivals from Australia also pressuring the prices in Indian markets. According to reports Chana production in Australia has surged by 53 percent.

28 Dec 2012

INDORE (Commodity Online): Chana (Chick peas) prices in India might remain flat or negative for both short and medium term on higher production estimates, rise in imports- especially from Australia and arrival of fresh crop in the domestic market.

Chana sowing has significantly improved in major growing areas like, Rajasthan, Madhya Pradesh and Gujarat. On the other hand fresh crop arrival started in Andhra Pradesh and Karnataka. Fall in chana demand will keep market sentiments weak in mandis.

Higher chana arrivals from Australia also pressuring the prices in Indian markets. According to reports Chana production in Australia has surged by 53 percent.

In India, Rabi pulses sowing has significantly fallen to 128.26 lakh hectares till December 21, 2012 against 129.39 lakh hectares of last year.

Traders are waiting for further fall in chana prices for fresh buying on the spot market- this is also lead to fall in chana prices. Chana stockists will release their stocks only after a price rise on spot markets- say market analysts.

This year, market sentiments for pulses look firm in the short and medium term on the reports of lower pulses production and a significant rise in imports.

Chana futures on India's National Commodity and Derivatives Exchange (NCDEX) were down by 0.66 percent for January contract at Rs.3889 per 100 kg as of 13.54 IST on Friday.

“Chana is bearish on NCDEX, over all trend looks negative,” says Milan Shah, Agri Research Manager at Commodity Online.

Govt. of India has allowed Small Farmers' Agribusiness Consortium (SFAC) to procure pulses directly from farmers. The consortium may procure arhar, chana and urad at minimum support price (MSP).

During 2010-11, India's total pulses output was 18.24 lakh tons. Right now, India targets around 17.52 lakh tons of pulses production for 2012-13 – according to the government statistics.


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