Chana Market Extends Rally: Prices Likely to Cross ₹6,500 Amid Strong Demand and Limited Supply
The chana market continued its bullish trend this week, marking the fourth consecutive week of gains. In Delhi’s Lawrence Road market, Rajasthan-line chana rose from ₹5,975 to ₹6,075 per quintal, holding firm at ₹6,050 despite a minor correction. Traders remain confident, with buying emerging on every dip, supported by limited imports, slow farmer selling, government procurement, and restricted commercial stocks. Domestic demand remains steady, particularly from dal mills, keeping chana dal and besan prices strong. Key markets traded as follows: Delhi ₹6,025–6,075, Indore ₹6,200–6,250, Hyderabad ₹6,200–6,400, and Jaipur ₹6,000 per quintal. Government agencies are estimated to have procured nearly 21 lakh tonnes of chana, significantly reducing the volume available for private trade. Although official estimates point to a record harvest, arrivals at major mandis have remained below expectations, keeping supplies tight and providing support to prices across key markets. Overall, the outlook for chana remains positive, supported by strong government procurement, steady festive demand, and tight domestic as well as global supplies.