With the mandi prices of chana (gram) hovering around 35% above the minimum support price (MSP) due to a drop in output, the government may impose a stock holding limit on the pulses variety, which accounts for 50% of the country’s pulses production.
Sources told FE mandi prices have witnessed a sharp spike in the past month following reports of a drop in output this year and robust demand, and did not rule out the possibility of imposing a stock holding limit on it.
Prices of chana are currently ruling around Rs 7,200- Rs 7,300 per quintal in the key producing states of Rajasthan and Madhya Pradesh against the MSP of Rs 5,440/quintal for the current season. Traders say its prices have crossed Rs 7,000 per quintal for the first time in recent years.
“Chana prices have surged 13% during the current month in various mandis due to supply demand imbalance caused by decreased output. Sources said the buffer of chana has currently dipped significantly against a norm of one MT.
