Chana Market Eyes a Fresh Rally! ₹7,000 Provides Strong Support : Can Prices Climb to ₹8,500 by December to January?

Chana markets across India are showing signs of strength following recent price gains, with several major trading centres reporting firm rates. According to the market report dated 2 November 2026, Delhi Rajasthan-line chana is quoted at ₹7,500 per quintal, while the Madhya Pradesh line is around ₹7,450. Indore is trading near ₹7,400, Latur at ₹7,800 and Akola at ₹7,700. Bikaner has reported ₹7,375, Jaipur ₹7,475 and Kanpur approximately ₹7,525 per quintal. Limited availability and steady buying interest are providing support to prices, although profit-booking and fluctuations in individual markets may create short-term volatility. The domestic supply outlook is becoming an important factor for the chana market. The report estimates total availability at 93.97 lakh tonnes against demand of 82.91 lakh tonnes for 2025-26. For 2026-27, availability is projected to decline to 91.06 lakh tonnes, while demand is expected to increase to 85.60 lakh tonnes. More importantly, carry-forward stocks are projected to fall sharply from 11.06 lakh tonnes to approximately 5.46 lakh tonnes. If these projections materialise, the availability of old stocks could become more limited before the arrival of the next crop, potentially strengthening the domestic market. Import trends are also attracting attention. During January to August 2026, Indias chana imports reportedly stood at around 6.54 lakh tonnes, compared with approximately 11.77 lakh tonnes during the corresponding period of the previous year, representing a decline of nearly 44.43%. International prices are reported at around $800 per tonne for old-crop material and approximately $820 per tonne for new-crop delivery. Meanwhile, government stock releases, imported supplies and the arrival of the next domestic crop will remain important factors. Rabi sowing progress also requires attention, particularly in parts of Maharashtra, northern Karnataka and Gujarat, where inadequate soil moisture could affect planting activities. Looking ahead, ₹7,000 is being viewed as an important support level, while ₹7,700 to 7,800 could act as a significant resistance zone. Under favourable market conditions, prices may potentially move towards ₹8,000 to 8,500 per quintal during December to January, as suggested by the report. However, this remains a market possibility rather than a guaranteed target. Government stock sales, import arrivals, rabi sowing progress, weather conditions and fresh crop estimates will determine the next direction. Farmers and traders should monitor daily mandi prices, stock availability and demand from dal mills, while considering staggered buying and selling rather than making decisions based solely on expectations of further price increases.

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