Chana Report: During the past week, there was a ₹25 per quintal decrease in chickpea dal and besan prices due to a drop in demand. Despite the weak supply of chickpeas, the demand remains strong, leading to an upward trend in chickpea prices. The low stock and strong holding of chickpeas have made it difficult for millers to obtain them. The festive season has led to better demand for chickpea dal and besan. Old chickpeas from Australia and new chickpeas from Tanzania are being imported, but the stocks are low. Due to weak domestic chickpea stocks, there is good demand for Tanzanian chickpeas. Prices of Australian chickpeas have sharply declined due to their high cost, weakening demand in India, and expectations of a better crop in Australia (15+ lakh tons) putting pressure on prices. The government may take measures to control the rising chickpea prices. The Consumer Ministry is keeping an eye on the unilateral rise in chickpea prices. There is a suggestion to open imports of Kabuli chickpeas from Russia, which could help control prices. While the chickpea market shows a bullish trend, caution is necessary considering government interventions and import scenarios. Timing the sale wisely could be a prudent step to ensure profitability. Urad Report: During the past week, demand for urad remained steady, leading to an increase of ₹300 per quintal. The previous week's report recommended halting price declines and making purchases. In Chennai, there was good buying of Burma urad throughout the week. However, the prices of new domestic urad have weakened due to increased moisture from rains. New urad harvests are starting in Karnataka and Maharashtra, but high moisture levels are expected due to adverse weather conditions. Continuous rainfall is also affecting urad-producing districts in Madhya Pradesh and Uttar Pradesh. In Andhra Pradesh, heavy rains have damaged the Nandyal crop. Harvesting of urad in Nandyal, which began a week ago, was halted due to rain. The estimated stock of urad in Burma is about 2-2.5 lakh tons. The new crops in Karnataka and Maharashtra are likely to have higher moisture content. Due to these factors, demand for Burma SQ quality urad may remain strong. In Madhya Pradesh and Uttar Pradesh, the sowing of urad has been considerably weak, with sowing in Bundelkhand (MP/UP) being less than 50% of the previous year. Rajasthan's sowing is reported to be at last year's levels. Overall, the sowing of urad in the country is about 30% weaker. According to the meteorological department, there is a possibility of above-average rainfall in September/October. Since urad harvesting occurs in October in MP/UP/Rajasthan, this rain could damage the crop. A shortage of good-quality urad may occur, which could sustain future demand for Burma urad (SQ). We believe that the price of Chennai SQ ready urad is less likely to fall below ₹8500 in the near future (2-3 months). Considering current customer demand and weather conditions, Chennai urad could quickly reach ₹9400-9500, with some potential weakness below the ₹9000 support level.