Limited Price Fluctuations Likely to Continue in Chana Market

16-Jun-2026 05:35 PM

Mumbai. While supplies of *chana* (gram) are dwindling in key wholesale markets across major producing states, demand remains sluggish. Consequently, prices have remained stable within a narrow range, showing only limited fluctuation, and a significant shift in market conditions appears unlikely in the near future.

According to the India Pulses and Grains Association (IPGA), a leading trade body, prices for *chana* and *urad* (black gram) are likely to remain stable or firm up slightly over the coming days, while significant changes in *tur* (pigeon pea) prices also seem unlikely. Millers and traders are purchasing pulses only to meet immediate requirements. Given the low market arrivals, a softening of prices is also unlikely.

Demand for *chana dal* and *besan* (gram flour) remains weak, and the progress of the monsoon has been sluggish. Government agencies like NAFED and NCCF hold massive stocks of *chana*, exerting a degree of psychological pressure on the market. These government stocks could be utilized should supplies tighten and prices rise.

Imports of *desi chana* and yellow peas from abroad are declining. While buying interest may increase at lower price levels, trading activity could slow down if prices rise. Government agencies procured approximately 2.1 million tonnes of *chana* during the 2025-26 *Rabi* season.

Currently, the bulk of *chana* stocks is held by producers and government agencies, whereas millers and traders hold limited inventories. Wholesale market prices are hovering near the Minimum Support Price (MSP).

Future price trends will depend on factors such as domestic demand, farmer sales, government marketing policies, and import economics. Last week, *chana* prices in the Indore market (Madhya Pradesh) were recorded at ₹6,000–₹6,100 per quintal. Production in Australia is expected to decline significantly.