News Capsule: Chana on the Rise: Prices Move Up Sharply
08-Oct-2025 06:00 PM
Chana on the Rise: Prices Move Up Sharply
★ Chana (chickpea) prices witnessed a strong upward movement today. Weak selling pressure, limited supply, and rising demand have once again put the pulse in the spotlight across major mandis.
★ In Delhi, Madhya Pradesh line chana traded between ₹5,925–5,950 per quintal, while Rajasthan line quoted ₹5,975–6,000 per quintal — marking a jump of ₹75 per quintal.
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Reasons Behind the Rally
1. Weak Selling:
★ Traders are holding on to their stocks, leading to reduced arrivals in the markets. Sellers are few, while buyers are more active.
2. Improved Demand:
★ With the festive season approaching, dal millers and wholesalers have increased their buying. Demand from the sweets and snacks industry has also picked up momentum.
3. Low Port Stocks:
★ Imports remain limited, and sluggish overseas supplies are adding pressure to the domestic market.
4. Reduced Australian Deals:
★ Compared to last year, fewer import deals have been made with Australia, strengthening the global tone for chana.
★ The key resistance level is seen around ₹6,000 per quintal.
★ If the market sustains above this level, prices could rise further by ₹200–₹250 per quintal in the coming days.
★ Analysts suggest that the chana chart has now entered a bullish zone.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.