Chana Slips Due to Weak Demand and Heavy Arrivals

Chana (chickpea) market remained weak for the second consecutive week due to sluggish demand. Both desi and imported chana prices declined as increasing arrivals of the new crop and reports of better production from regions like Gujarat, Maharashtra, and Gadag (Karnataka) strengthened the supply side. Meanwhile, demand for chana dal and besan continues to remain slow. In Delhi, Rajasthan-origin chana fell to ₹5,700 per 100 kg, down ₹75 weekly, ₹225 monthly, and about ₹450 annually. Indore, Akola, and the Gadag line also recorded weekly declines of ₹200–350. Bikaner (₹5,550) and Kota mandi (₹5,100) remained under pressure. Jaipur bilty stayed steady at ₹5,700 but is still ₹450 lower year-on-year. Raipur Maharashtra line dropped to ₹5,625, down nearly ₹625 compared to last year. Imported Australian chana remained weak at Mundra ₹5,275, Mumbai ₹5,350, and Kandla ₹5,300, with weekly declines of ₹175–200. Tanzanian chana in Mumbai stood at ₹5,250, down ₹150 weekly and ₹550 annually. Chana dal in Akola (₹7,200) and Indore medium (₹6,850) declined by up to ₹100 and remained sluggish, while besan in Mumbai was steady at ₹4,025 but ₹175 lower year-on-year. In the international market, Australian February–March shipment prices are stable at $555 per ton CNF Mundra/Kandla, $20 higher than last month but $100 lower year-on-year. As of February 11, total chana stocks at Indian ports stood at 340,726 tons — 164,165 tons at Mundra and 176,562 tons at Kandla. Australia surprised the market by exporting 588,000 tons of chana in December, 57% higher than November’s 374,000 tons. India imported 368,000 tons (63% share), while Bangladesh imported 107,000 tons and Pakistan 96,000 tons. This is despite India imposing an 11% import duty, except for the 150,000-ton MFN quota. Overall, considering weak demand, rising imports, expected new arrivals from Madhya Pradesh from late February, and heavy supplies expected from Rajasthan and Uttar Pradesh after Holi, market availability is likely to increase further. Therefore, Mandi Market Media believes stocks should be cleared at current levels, as no trigger for price strengthening is visible at present.

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