Buyers' demand remains intact for Canadian Kabuli chana

27-Jun-2024 12:42 PM

Vancouver. After the completion of sowing of Kabuli chana in Canada, the crop is progressing well, while buyers are trying to contract for the purchase of the next new crop along with the old stock.

The Ministry of Agriculture of Canada has estimated the sowing area of ​​​​Kabuli chana to increase by 15 percent and its total production is expected to reach 2 lakh tonnes.

Producers are showing good interest in selling old stock as the arrival of its new goods is going to start after one and a half months.

Better coordination is being seen between buyers and sellers. In fact, the Ministry of Agriculture has expressed the possibility of the average market price of Kabuli chana being somewhat soft during the new marketing season starting from August 2024, so big producers are not hesitant to take out their stock at the current price level.

The free on board farm price of Kabuli chana with spot stock of number 2 category or better quality is running at 42-44 cents per pound for July-August movement.

The price of the next new crop is also around this, so buyers are interested in both the goods. This time the contract for the upcoming crop is being done in a better way because the producers feel that the prices may go down further if the production increases.