Business Standard

Dollar chana soars 11%

Ajay Modi  |  New Delhi 

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.

 
 

RECOMMENDED FOR YOU

Dollar chana soars 11%

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
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.

 
 
image
Business Standard
177 22

Dollar chana soars 11%

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.

 
 

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard