Mumbai, 04 Nov (Commoditiescontrol): Chana (chickpea) prices remained stable across major markets on Monday as trading resumed after the Deepavali holiday and Mahurat trading in Indore. Limited buying activity kept prices unchanged, with traders expecting slight short-term price pressure due to the anticipated arrival of Australian-origin chana.
On the international stage, chana prices held firm. Tanzanian-origin chana was quoted at $820 per metric ton, while Australian-origin chana slightly lagged at $810 per metric ton. In the Indian market, both recorded modest gains, with Tanzanian chana priced at ₹6,750 per quintal and Australian chana rising by ₹50 to ₹7,000 per quintal.
Domestic markets witnessed minor adjustments. Delhi saw prices for chana from Rajasthan and Madhya Pradesh drop by ₹75 per quintal to ₹7,125-₹7,250. While markets like Jaipur and Akola noted small declines, Indore, Latur, Nagpur, Solapur, Raipur, and Bikaner reported steady rates. In Indore, the Kantewala variety was traded between ₹7,075 and ₹7,200 per quintal, while Jaipur’s desi chana held at ₹7,300-₹7,350. In Kanpur, Madhya Pradesh and Uttar Pradesh-origin chana remained stable at ₹7,225 per quintal.
Indore’s Krishi Mandi recorded arrivals of 13,190 quintals of desi chana, with average prices around ₹7,540 per quintal. Analysts suggest recent price increases are driven by speculative buying rather than strong consumer demand.
Chana sowing in Karnataka's key districts, including Kalaburagi, Gadag, and Bagalkot, faces delays due to unseasonal rains, with sowing likely to extend until late November. In Kalaburagi, sowing has been delayed by over a month, and while post-rain weather remains favorable, labor shortages could impact the planting of certain varieties. Gadag has experienced a 15-day delay, with further rains potentially affecting crop yields. In Rayachur, strong returns are expected to boost sowing activity, while Bagalkot has completed half of its sowing, with the remainder scheduled post-Diwali.
Market experts foresee steady to firm chana prices in the coming weeks, with limited downside risk. Rising demand for Ramadan and the approaching wedding season is expected to lend additional support to prices in the post-Deepavali period. Furthermore, delayed chana sowing by approximately one month in Karnataka is likely to bolster prices further.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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