Chana

The Bharat brand provides kitchen staples at subsidised rates. It was launched as a part of the govt's broader aim to make essential goods more affordable for middle-class consumers

The Centre on Tuesday said it has started procuring chana (gram) from farmers at a Minimum Support Price (MSP) for maintaining the buffer stock to check prices and meet the demand of those states which want to distribute under their welfare schemes. Speaking to reporters, Consumer Affairs Secretary Nidhi Khare said the agriculture ministry has indicated chana yields are intact and there is "no concern about production as of now." Meanwhile, states have been directed to make sure traders, importers, and millers declare their stock position of pulses effective from April 15 in a bid to check hoarding and contain price rise, she said. The Consumer Affairs Department has called a meeting on Wednesday to discuss with importers, traders, customs, and state officials on the issue of imported pulses lying at customs, she added. The MSP for chana for the 2024-25 rabi marketing season is Rs 5,440 per quintal. "With the increase in the arrival of chana crop, mandi prices have softened and ..

The Centre has approved procurement of 1.39 lakh tonne of Bengal gram (chana) from Karnataka in the 2023-24 rabi season under the Price Support Scheme (PSS), Union Minister Shobha Karandlaje said on Thursday. Besides, the Centre has released the third instalment of Rs 235.14 crore under the Rashtriya Krishi Vikas Yojana (RKVY) to the Karnataka government for the 2023-24 fiscal, the minister said. Karandlaje said the Agriculture Ministry on Thursday approved the "procurement of Bengal Gram (Channa) in Karnataka under the Price Support Scheme (PSS) at MSP of Rs 5,440 per quintal for a maximum quantity of 1,39,740 tonne for Rabi 2023-24 season," an official statement said. Regarding the release of funds under the RKVY scheme to the state, the minister said the third instalment of Rs 235.14 crore will be utilised by the Karnataka government for the implementation of the eight components under the RKVY scheme. The amount approved will be utilised for the improvement of infrastructure in

Markets regulator Sebi on Friday extended the suspension of futures and options trading in seven agricultural commodities, including wheat and moong, for one more year till December 2024 in a bid to rein in prices. The other agricultural commodities suspended by Sebi are paddy (non-basmati), chana, crude palm oil, mustard seeds and their derivatives and soya bean and its derivatives. "The suspension of trading in the above contracts has been extended for one more year beyond December 20, 2023, i.e. till December 20, 2024," Sebi said in a statement. The suspension permits squaring up of existing positions in these commodities, but no fresh futures trading is permitted for a year. To curb inflation, Sebi in December 2021 prohibited exchanges from launching new derivative contracts of soyabean, mustard seeds, chana, wheat, paddy, moong, and crude palm oil. These directions were applicable for one year. In December last year, the suspension was again extended for one more year till ..

Chana futures have been banned from August 16, 2021

Business Standard brings you the top headlines at this hour

Estimates 4% increase in wheat output, around 1% for chana, and 7% for mustard

The MSP of mustard for 2023-24 is Rs 5,450 per quintal

The area covered under chana (gram), which is the biggest pulses grown in the rabi season, was around 11.2 mn hectares, which was 1.8% less than last year but 13.36% more than the normal area

Highest week-on-week numbers since 2017-18; hopes of strong harvest

The rains should aid planting of the rabi crop and also its early growth, mainly in crops such as wheat, mustard and chana

Suspension of their futures does not bring down price volatility either, finds study conducted on behalf of NCDEX Investor Protection Fund

They say lifting of ban is in the interest not only of farmers and consumers, but also processors and downstream industry

Procurement limit for tur, urad and masur raised

The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks

Soybean prices at the benchmark Indore market are trading at Rs 4,565 per quintal; Chana prices are trading at Rs 5,205 per quintal in the Delhi market

Some traders are demanding a reduction to 35-40 per cent to tide over any shortage of the commodity as the new crop will start hitting the market only around mid-February

Festive demand will keep buyers active, while limited availability will support prices

Cotton seed oil cake at Akola is trading at Rs 2,031 per quintal, while chana price has rallied too steeply on the back of supply constraints

According to most market participants, with the ideal time for sowing chana nearing its end, final output could get impacted unless there is a big jump in acreage in the next few weeks