There have been adequate stocks in the country to meet domestic demand of Chana. However, likely surge in demand for chana products may support chana prices in near future. As a result, chana prices are expected to trade sideways, in the range of Rs 2470 – Rs 2630 per quintal this week.
Chana prices remained mostly steady after a continuous increase during the past couple of days. Better monsoons and summer crop arrivals has been weighing on prices. Sowing of Kharif pulses have begun and demand from millers have been mostly dull.
Firm international quotes may continue to support the moong prices. Considering the above factors, price of moong is expected to remain sideways in the range of Rs 3700-Rs 4200 per quintal this week.
Pulses prices were weak in the physical markets last week amid subdued trade. Moong prices declined considerably in the major centers in tandem with most of the other pulses. The average price dropped from Rs 4307.143 to Rs 3964.286, a decline of 8.6% during the week.
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