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Informist, Monday, Feb. 10, 2025

MUMBAI – Prices of chana are likely to be supported by need-based seasonal demand from mills in the short-term, the India Pulses and Grains Association said in its weekly report on Monday. This follows the rising demand for yellow peas, a cheaper alternative to chana.

Stockists in Karnataka have started their purchases due to the lower yield of the rabi crop, while farmers are less than willing to sell at low prices. This is expected to reduce the pressure of the rabi crop arrivals on prices, the association said. 

The market will closely monitor the government policies on the duty-free imports of yellow pea and chana, the rabi crop estimates, and the supply of Australian imports, the association said. The market will also look out for the government's procurement plans, and the rabi crop yields in Rajasthan, Madhya Pradesh, and Gujarat, the association said. 

As of Feb. 3, the acreage of chana in the ongoing rabi season was 9.86 million hectares, up 2.8% from a year ago, according to data from the Department of Agriculture and Farmers' Welfare.

India imported 589,198 tonnes of chana from Australia in December, according to the Australia Bureau of Statistics. India did not import any Australian chana in December 2023. However, Australian shipments in Novemeber stood at 328,558 tonnes, up 88% on year from last year, the data showed.

The surge in Australian imports is driven by strond demand before the expected return of import duty on chana, and the bumper, high-quality crop in Australia, the association said. The deadline of free imports of chana expires on Mar. 31.

Prices of chana rose in the previous week due to an increase in demand for the pulse at lower rates, the association said. Prices also rose tracking the rise in yellow pea prices, and active stockist purchasing in Karnataka, the association said.

In the week ended Saturday, prices of chana in Indore, Madhya Pradesh, were down by INR 50 per 100 kg from the previous week at INR 6,150-INR 6,200 per 100 kg, according to the association. Prices of chana in Akola, Maharashtra, rose by INR 150 per 100 kg from last week to INR 6,125-INR 6,150 per 100 kg.  End

Reported by Shreya Shetty

Edited by Deepshikha Bhardwaj

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