Chana prices were down 6 per cent from the government’s minimum support price at Rs 4,350 per quintal
The malting industry requires 500,000-600,000 tonnes of barley for beer and distilled beverages.
China has culled about a million pigs since the contagious disease broke out in the country in August last year, affecting domestic meat processing units’ ability to meet demand for pork.
India annually exports 30 million kg of tea and one million tonnes of basmati rice to Iran.
The rupee depreciating against the US dollar from the current Rs 69.90 was a bigger concern.
In the past few months, base metals took a hit over fears of a global recession.
Last month, ET had reported that reduction in duty was likely.
Cargill reduced retail edible oil prices by Rs 1 a litre.
The Amul group’s turnover exceeded Rs 45,000 crore, which is also 13% higher than last year.
Agrawal claimed that chana prices may touch Rs 4,620 a quintal.
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