Market Trends and Current Prices

Chana prices have stabilized despite widespread panic selling in recent weeks. Analysts note that while a temporary recession has formed, domestic crop conditions suggest further price declines are unlikely. Australia's black gram supply is expected to decrease in February, potentially supporting an upward price trend before the arrival of Madhya Pradesh's harvest creates market pressure.

Rajasthani chana, previously priced at USD 0,76 per kg, dipped to USD 0,73 per kg and later recovered slightly to USD 0,74 per kg. Australian chana is selling between USD 0,71–0,72 per kg. These prices indicate limited room for further decline. Pulse mills have started inquiries at current prices, contributing to slight market improvements.

Sowing, Harvesting, and Supply Insights

Farmers in Karnataka and Andhra Pradesh have begun harvesting chana, but limited quantities are reaching the market. Madhya Pradesh's chana harvest is expected next month, with Rajasthan’s crop arriving in March. Reports from these two key states indicate a production estimate of 8 million metric tonnes, while domestic consumption sits at 13 million metric tonnes.

Old stock levels remain low, with recent market pressure attributed to the arrival of two Australian shipments. This temporary influx has created a short-lived dip in prices, but experts predict a recovery as local supplies stabilize.

Trade and Milling Dynamics

Larger pulse mills, which bypass mandis by purchasing directly from Australia, have decreased trade activity in local markets. These mills are currently milling imported chana for January-February, reducing demand for domestic chana in the short term. However, with consistent demand for gram flour and pulses, prices are unlikely to fall further.

Conclusion: Stability Expected with a Positive Outlook

Chana prices are expected to remain stable, with potential for gradual improvement as the Madhya Pradesh harvest approaches. Traders and farmers are advised to hold their stock rather than sell at current rates, as the market shows strong consumption demand and limited downside risk.









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