Weak demand and reduced trading activities, driven by expectations of government action against sharp price increases, pressured the Chana physical market. As a result, market prices declined by an average of 1-2% during the reviewed week. According to the Department of Agriculture & Farmers Welfare data, Chana arrivals dropped by 36%, reaching 24,366 MT compared to 37,957 MT during the same week last year from June 14 to 21.

With the current stock limits for Chana including Kabuli for all market participants, prices are bound to trade down to the tune of INR 100-200 per quintal. However, sentiments may remain high given the background of lower selling interest by market stakeholders on expectation of more remunerative prices in the long run.

Chana traded at INR 7,125 per quintal, down by 2.06% in Delhi and at INR 6,900 per quintal, down by 1.43% in Bikaner.