Weak demand leads to a ₹50 drop in chana (chickpea) prices in Delhi; limited supply suggests potential for future gains.

Chana prices in Delhi fell by ₹50 per quintal due to sluggish demand from pulse mills. However, the decline has been contained as selling pressure at higher price levels remains limited.

On the other hand, factors such as high import costs, limited domestic stocks, and concerns regarding crop damage in Australia due to adverse weather could provide support to the market.

There is also apprehension regarding future production, as sowing of chana has been slow in Maharashtra, Karnataka, and Gujarat. Furthermore, festive demand is expected to boost the consumption of chana dal (split chickpeas) and besan (chickpea flour).

Prices for Australian chana remain high; at Nhava Sheva port, quotes are reported at $800 per tonne for November shipments, approximately $820 per tonne for December–January shipments, and $830 per tonne (C&F) for January–February shipments.

In Delhi today, chana prices dropped by ₹50, with varieties from the Madhya Pradesh line trading at ₹7,425–7,450 per quintal, and those from the Rajasthan line at ₹7,475–7,500 per quintal.

The market's future direction will depend on the sale of government stocks, the cost of imported chana, and the progress of Rabi sowing. While limited supply may provide support, prices are likely to remain volatile due to weak demand.