Improvement in Gram (Chana) Prices Last Week

17-Feb-2025 08:44 AM

Improvement in Gram (Chana) Prices Last Week
★ Rise in Prices of Chana and Peas: The discussion regarding the imposition of an import duty on peas has led to an increase in the prices of both gram (chana) and peas.
★ Decline in Australian Chana Demand: Due to the rising prices of domestic chana, there has been a reduction in demand for Australian chana.
★ No Bulk Offers from Australia: Bulk offers from Australia to India have stopped, and exports of containers have also weakened. Several importers have delayed payments.
★ No Deals for Australian Chana with India: There have been no transactions for Australian chana with India.
Ramzan-Driven Demand from Pakistan: Ahead of Ramzan, there has been a surge in demand for domestic chana from Pakistan, with deals happening at 700$/ton CFR Karachi.
★ Normal Demand from Bangladesh: The demand from Bangladesh remains normal, with chana deals taking place at 650/660$, and Niper Halmark Masoor being traded at 650$/ton CFR Chittagong.
★ Chana Exports to Nepal: Container deals for chana from Australia to Nepal are taking place at 675-680$, and Masoor at 695$/ton CFR Birgunj.
★ Australia’s Chana Exports to India: In December, Australia exported approximately 7.8 lakh tons of domestic chana to India. Between November and December, about 13 lakh tons of chana were exported from Australia, with India’s share being 75%.
★ Impact of Pea Imports on Chana Consumption: The large-scale import of peas has had a significant impact on the consumption of chana.
★ IPGA Pulse Conclave Statement: The Consumer Affairs Minister stated that the import of chana will continue until March 31, 2025. Based on the market situation and crop conditions, a decision will be made whether to increase or not increase imports.