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Informist, Monday, Feb. 3, 2025

MUMBAI – Prices of chana are expected to remain under pressure due to the availability of cheaper imports from Australia, affordable yellow peas, and rising rabi crop harvest, the India Pulses and Grains Association said in its weekly report Monday. As of Jan. 27, the area sown under chana was 9.86 million hectares, up 2.8% from last year. Arrivals of the new rabi chana have begun at Kalaburagi in Karnataka. Maharashtra, too, is seeing some small arrivals.

Chana imports from Australia were the highest amongst all countries at 120,341.9 tonnes during the Apr-Nov period, according to data from the Ministry of Commerce and Industry. However, the demand for Australian chana has dropped due to payment issues, high import arrivals, and no price advantage for sellers, the association said. With the commencement of rabi chana arrivals, buyers could be waiting for better deals, as prices fall lower, the association said.

Trade could be limited to urgent needs, with the market resisting a further fall in prices, the association said. Traders will closely monitor the government's policies and procurement plans, the release of crop estimates, and demand trends in the coming weeks. The Centre has approved procurement of 96,498 tonnes of chana in 2024-25 under the price support scheme in Karnataka, the Ministry of Agriculture and Farmers Welfare said in a notification on Jan. 27.

Prices of chana continued to fall last week due to weak demand, low purchases by mills, high supply from Australia, availability of cheaper yellow peas, and rise in domestic rabi harvest, the association said. Traders were cautious with purchases, speculating that the duty-free import period for chana could be extended beyond the expiry date of Mar. 31, the association said.

Last week, prices of chana in Delhi were down by INR 100 from the previous week at INR 6,100-INR 6,125 per 100 kg, according to the association. Prices of chana in Akola, Maharashtra, fell by INR 175 from last week to INR 5,975-INR 6,000 per 100 kg.  End

Reported by Shreya Shetty

Edited by Nishant Maher

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