Govt may release Chana stockpiles to regulate prices
Commodity Online | August 09 2018
UPDATED 17:31:29 IST

US decision to end Iran Oil waiver to affect India's exports: TPCI

Cotton mills turn to imports as domestic prices rise

LME launches consultation on introduction of responsible sourcing standards across listed brands

MCX bags SEBI approval to launch future trading in cash crop Arecanut

India’s Oilseed production may rise 8% in 2019-20: USDA

Ahead of the festival season, the government is planning to release some stock of Chana in the market to ease its availability and keep a check on prices.

The governmentIt is also considering to introduce pulses under the public distribution system for nutritional need of the masses. A decision on this may soon be taken, say officials in the Food ministry.

Poor availability of chana since the past one month has kept prices firm at Rs 4,240 per quintal in the Delhi market. In wholesale, Chana dal was being quoted at Rs 4,800-5,000 a quintal.

National Agricultural Cooperative Marketing Federation of India (Nafed), the nodal agency for the government’s pulses procurement drive says that it is monitoring the price movement and will soon take a call to release the pulses the demand for which picks up during the festival season.

“We have 27 lakh tonne of chana in our godowns out of the 45 lakh tonne of pulses procured. We are watching the situation on prices and will soon take a call on when and how much to sell,” said an official from Nafed.

 

Commodity Arrivals Rate
Mustard Oil 220 10750.00
Coconut Oil 0.1 21000.00
Arecanut 4.5 2200.00
Sugar 0.4 4000.00

More

×