Chana prices continue to remain volatile in the key markets

Chana prices continue to remain volatile in the key markets. It was quoting at 4180-4230 rupees per 100 kg, up 30-40 rupees from previous close. Demand from dal millers along with limited availability is pushing chana prices up. There were no cargoes confirmed in Rajasthan of Wednesday auctions. About 1,000 ton have been confirmed in Maharashtra in the last 3-4 days and prices were above 4350 rupees.

NAFED nearly has 3.0 mln ton of chana stocks which includes this year procurement of 2.14 mln ton. In other pulses, specifically masur worries of limited availability and demand from dal millers has pushed prices higher today. Masur or lentil was selling at 5500 rupees per 100 kg, up 50 rupees from previous day. There are regular imports of masur arriving at the ports. This is restricting sharp upside in the prices. About 25,000 ton is arriving at Tuticorin port in the next 4-5 days, according to market sources. Tur prices were down today because of expectations of higher crop this year along with reports that NAFED may start sale of 2019-20 crop.

NAFED will start auction of tur in Andhra Pradesh from August 10. About 10,000 ton has been put on auction . This may improve the supplies of tur in the market. In  Akola, tur was selling in the range of 6050-6100 rupees, down 50 rupees from previous day.