Chana Market Update
Throughout the week, the chana market witnessed a fluctuation of ₹25–50 and finally closed ₹25 higher, with Rajasthan best chana in Delhi ending at ₹5,950 per quintal. Over the last one month, the chana market has recovered by nearly ₹350, though it is still ₹175 lower compared to the same period last year. Talking about mandi prices on Saturday: • Delhi (Rajasthan chana): ₹5,950 • Jaipur (bilty): ₹5,975 • Rajkot: ₹5,700 • Akola: ₹5,520 • Latur: ₹5,950 • Bikaner: ₹5,450 per quintal During November, the market made several attempts to move upward but faced profit booking near the ₹6,000 level, leading to repeated pullbacks. However, current signals suggest that the market is not weak, as strong buying support is visible at lower levels. Active buying by millers, shortage of old desi chana, and reports of delay in new crop arrivals have collectively supported prices. Additionally, steady demand for chana dal and besan has strengthened the pulses segment. In Jaipur, chana dal prices rose by ₹50–75 to around ₹6,775 per quintal. In Mumbai, imported chana also gained ₹50, with Tanzanian chana at ₹5,500 and Australian chana at ₹5,750 per quintal, while at Kandla, Australian chana was quoted around ₹5,625 per quintal. Domestic stocks of old chana are quite limited, which is why prices are not sustaining at lower levels, and the possibility of a sharp decline currently appears weak. Reports of slight crop delays due to cold weather in some parts of Rajasthan are also providing support, although the delay is not significant. In Karnataka, arrivals of new chana are expected to increase over the next 15 days. At Gadag mandi, current arrivals are reported at around 12,500 quintals, with prices ranging between ₹5,000–5,700. Spot deals from Gadag to Chhattisgarh and Maharashtra are taking place near ₹5,650 per quintal. As the price difference between old and new chana is minimal, traders are showing greater preference for the new crop. However, until fresh arrivals put real pressure on the market, a major correction does not seem likely. Overall, strength in tur and urad prices is also lending support to chana. Under the present scenario, the chana market is expected to remain firm to stable within a limited range in the near term, with future direction largely dependent on the pace of new crop arrivals.