Business Standard

Dollar chana prices surge Rs 300/quintal in Indore

BS Reporter  |  Indore 

was between Rs 3100 and Rs 3250 a quintal.
 
This is the direct fallout of the Centre's decision to free the export of dollar gram from all export restrictions. According to traders, the decision will benefit lakhs of farmers of Malwa and Nimar.
 
Earlier, the government had put a cap of 20,000 tonne on the export of dollar chana from Madhya Pradesh. Later, the limit was raised to 50,000 tonne. The prices quoting in the Indore mandi then were around Rs 3,500 a quintal. Because of the export restrictions, huge stocks of the commodity have been lying unsold in the godowns.
 
Meanwhile, arrival of wheat in the mandis of Madhya Pradesh, Gujarat and Maharashtra has been good, with daily arrival of around 2-3 lakh sacks.
 
The light quality wheat is selling below the minimum support price (MSP) level of Rs 750 a quintal in mandis of these states. This year, the total yield is anticipated to be 760 lakh tonne, more than the last year's ouput by 60,000 to 70,000 tonne around.
 
The market rates of wheat in Indore have come down by Rs 80 to Rs 90 a quintal.

 
 

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Dollar chana prices surge Rs 300/quintal in Indore

The prices of double dollar gram surged by Rs 300 in the prominent mandis of Indore in the last two days. The prices of the commodity was between Rs 3100 and Rs 3250 a quintal.
was between Rs 3100 and Rs 3250 a quintal.
 
This is the direct fallout of the Centre's decision to free the export of dollar gram from all export restrictions. According to traders, the decision will benefit lakhs of farmers of Malwa and Nimar.
 
Earlier, the government had put a cap of 20,000 tonne on the export of dollar chana from Madhya Pradesh. Later, the limit was raised to 50,000 tonne. The prices quoting in the Indore mandi then were around Rs 3,500 a quintal. Because of the export restrictions, huge stocks of the commodity have been lying unsold in the godowns.
 
Meanwhile, arrival of wheat in the mandis of Madhya Pradesh, Gujarat and Maharashtra has been good, with daily arrival of around 2-3 lakh sacks.
 
The light quality wheat is selling below the minimum support price (MSP) level of Rs 750 a quintal in mandis of these states. This year, the total yield is anticipated to be 760 lakh tonne, more than the last year's ouput by 60,000 to 70,000 tonne around.
 
The market rates of wheat in Indore have come down by Rs 80 to Rs 90 a quintal.

 
 
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