Profit-booking weakens chana prices, but a sharp decline is unlikely

11-Sep-2026 12:49 PM

Chana prices fell today due to increased profit-booking sales at higher levels and subdued buying interest. Under the pressure of weak demand, the Delhi chana market saw a decline of ₹100 per quintal. Following this drop, prices for Madhya Pradesh-origin chana in Delhi settled at ₹6,500–₹6,525 per quintal, while Rajasthan-origin chana stood at ₹6,600 per quintal.

Similarly, a softening of ₹50 per quintal was recorded in chana prices across other major markets in the country. The market faced pressure as stockists and traders engaged in profit-booking after the recent rally, while a price correction occurred due to sluggish buying.

However, chana arrivals in producing markets remain limited, resulting in insufficient domestic supply. On the other hand, the landed cost of imported chana is high, leading to significant price disparity; this high cost affects the competitiveness of imported stock, thereby providing support to the domestic market.

The current market decline is being viewed as a correction following the recent uptrend. Given the limited domestic arrivals, high import costs, and significant price disparity for imported chana, the likelihood of a sharp drop in prices appears low. Going forward, the emergence of demand at lower price levels and the domestic supply situation will be crucial in determining the market's direction.