Mumbai, 04 Dec (Commoditiescontrol):Chana (chickpea) prices remained steady to firm across major Indian markets on Wednesday, driven by improved demand prospects amid declining arrivals. Analysts expect prices to trend higher in the near term as demand gains momentum.
In Delhi, a key consumption center, chana prices rose for the second straight day due to active miller buying. Madhya Pradesh-origin chana traded at ₹6,850–₹6,875 per quintal, while Rajasthan-origin varieties reached ₹6,950–₹6,975 per quintal, reflecting a ₹50 per quintal increase. In Indore, Katewala chana prices firmed to ₹6,800 per quintal. Other markets, including Jaipur, Akola, and Nanpur, reported moderate gains, indicating a broad-based improvement in demand.
Despite the current firmness, traders remain cautious about the potential impact of Australia’s projected bumper chana crop and India’s continued duty-free import policy. An influx of Australian chana could weigh heavily on domestic prices, particularly if the increased Ramadan demand fails to absorb the surplus. This may amplify price pressure in the coming months, creating headwinds for the market.
Market participants are closely monitoring the interplay between domestic demand recovery and rising import volumes, which could shape pricing trends in the weeks ahead.
Spot Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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