This week, the Chana cash market increased by an average of 1-2% due to a continuous decline in arrivals indicating the supply tightness from a reduced crop. According to data from the Department of Agriculture & Farmers Welfare, Chana arrivals decreased by 35%, dropping to 35,078 MT from 53,814 MT during the week of May 31st to June 7th last year.

Chana prices are expected to move up by INR 200-300 per quintal due to falling arrivals and lower selling interest at lower prices. As per sources, Govt. agencies may start procurement at market prevailing prices that can support the sentiments further. However, the possibility of Govt. taking curative measures like stock limit, sell of stocks within a stipulated timeframe may simultaneously guide the market sentiments.