Business Standard

Dollar chana soars 11%

Related News

Price of kabuli chana today went up about 11 per cent from Rs 2,700 to Rs 3,000 a quintal, following the withdrawal of export ban.The move is likely to benefit farmers, who have been growing this particular crop.
 
"As 75 per cent of the chana variety goes to exports, the move is likely to drive up the prices further," said a Karvy analyst. Of the 60 lakh tonne chana that the country grows, dollar or kabuli chana accounts for about 10 per cent. Kabuli chana production has increased from 2-3 lakh tonne to 6-7 lakh tonne over last couple of years due to higher prices compared with desi chana.
 
The variety is primarily grown in Maharashtra, Andhra Pradesh and Madhya Pradesh.
 
The government has lifted a ban on exports of dollar chana to check their falling prices and protect the farmers' interest. In June last year, the government imposed a blanket ban on export of pulses to control rising prices.
 
The department of commerce had received representations to allow export of this particular variety, as it is mainly grown for exports. Since the ban was announced, prices slipped from Rs 4000 a quintal to Rs 2700 a quintal.

 
 

Read more on:   
|
|
|
|
|

Read More

Mentha oil sheds 0.8% on profit-booking

Mentha oil prices fell 0.83 per cent to Rs 1,252 per kg in futures trade today on profit-booking by speculators amid increased arrivals of the ...

Quick Links

 

Market News

Amid bearish environment, iron ore prices keep falling

So far this year, prices of benchmark ore have fallen 35 per cent to $75 a tonne

Today's picks- 24 November 2014

Nifty, Bank Nifty,Infosys, Tata Steel & PowerGrid

PowerGrid shares slip after FII investment limit hits ceiling

The shares dropped 3% to close at Rs 142.15 on the BSE

LIC ready to buy shares in govt divestment programme

LIC has a net investible surplus of Rs 2 lakh crore and its market exposure is over Rs 3 lakh crore

SEBI aligns overseas derivative instrument rules

They have been brought in line with new foreign investment norms approved earlier this year

Back to Top