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Chana dal prices set to spike, Kabuli chana could cost Rs 100/kg in festive season

15 September 2020

 

Consumers are likely to end up paying Rs 100 per kg for Kabuli chana (chickpea) as the festive season rolls in, because chana dal prices across varieties are set to go up.

 

Already, the price of chana dal (split chickpea), one of the most-consumed pulses in India, has increased from Rs 4,000-4,500 per quintal in June to Rs 6,500 per quintal in September in the open market. And with the gradual unlocking of the hotels, restaurants and catering (HORECA) sector and the upcoming festive season in October-November, the demand is likely to increase further, which could push the prices to Rs 8,000 per quintal.

 

The festive season demand for chana dal and its processed variants, which begins to increase from August, is also inflating the prices. And what’s more, there is apprehension over the condition of pulses grown in the kharif season due to incessant rains in Maharashtra and Madhya Pradesh, which have flooded major pulse-producing areas.

 

The production of Kabuli chana has declined to 2.73 lakh metric tonnes (LMT) this year from 3.95 LMT in 2019, which is likely to push its price beyond Rs 100 per kg.

 

Another factor behind the price rise, as reported by ThePrint, is the massive chana procurement by the government nodal agency, National Agricultural Cooperative Marketing Federation of India (NAFED), in the rabi season, which has squeezed the supply. NAFED has procured three times as much chana dal as it did last year, in order to provide a free kilogram of pulses to each ration card-holding family under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), which will run until November.

 

S.K. Singh, additional managing director of NAFED, told ThePrint: “NAFED is currently selling chana in the open market in the range of Rs 4,350-4,500 per quintal compared to Rs 3,800-4,000 per quintal about three months back. Our total stock is close to 35.5 LMT, of which 15 LMT will get distributed under the PMGKY programme, about 30 per cent will go towards institutional supplies, and the balance will go into the open market.”

 

Source: https://theprint.in/india/chana-d

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