Chana Prices Rise in Australia Due to Lower Stock Outlook

23-Apr-2025 10:51 AM

Brisbane. Chana (gram) prices in Australia have surged by $100 per tonne following a sharp upward revision in export figures by the Australian Bureau of Statistics (ABS).

The agency increased its earlier January 2025 export estimate from 3.95 lakh tonnes to 5.77 lakh tonnes, including a significant rise of 2.01 lakh tonnes in exports to India.

This sudden spike in price, seen within just 10 days, is not due to higher global demand—which remains consistently strong—but rather concerns over declining carryover stocks in Australia.

Despite ABARES predicting a record-high production this season, rapid exports, especially to India, have kept supply tight.

Trade analysts believe that the tight ending stock is the main driver behind the price hike. Australia is a key supplier of chana to countries with limited domestic production.

However, the price rise is unlikely to impact India significantly, as domestic arrivals of chana have increased and import activity has slowed.