Chana Market Gains for Fourth Consecutive Day as NAFED Firmness Supports Prices; ₹6,500/Quintal Target in Focus

The chana (gram) market across India remained strong for the fourth consecutive day. Sentiment improved after government agency NAFED rejected bids received below ₹6,000 per quintal. Traders believe this move has sent a clear signal that prices may not be accepted below current levels, strengthening buyer confidence and reducing selling pressure. In the Delhi market, chana prices increased to around ₹6,100 per quintal. Over the past week, Delhi prices have gained nearly ₹150 per quintal, rising from ₹5,950 on July 7 to ₹6,000 on July 11, ₹6,025 on July 13, and ₹6,100 on July 14. Jaipur market prices also improved from ₹5,950 to ₹6,075 per quintal. Chana prices remained firm across key mandis due to limited arrivals and strong buying interest. Jaipur desi chana was quoted around ₹6,075 per quintal, Raipur local at ₹6,175-6,200, Maharashtra line at ₹6,325-6,350, Akola at ₹6,325-6,350, Nagpur desi at ₹6,200-6,250, and Kanpur around ₹6,300 per quintal. Kabuli chana in the Hyderabad market traded around ₹6,450-6,600 per quintal. The imported chana market is also supporting domestic prices. Australian chana was quoted around ₹6,000-6,075 per quintal in Mumbai, ₹5,900-5,950 at Mundra and Kandla ports, and ₹6,300-6,350 in Kolkata. Higher international prices are limiting the possibility of a sharp decline in domestic chana prices. Chana arrivals in major agricultural markets remain lower than normal as farmers are holding stocks in expectation of better prices. At the same time, demand from dal mills, the besan industry, and wholesalers is gradually improving, providing continuous support to the market. Market participants believe the current rise is supported by strong fundamentals rather than speculation. NAFED firm procurement policy, higher import costs, limited arrivals, lower selling pressure, and improving demand are keeping prices strong.If the current trend continues, Delhi chana prices may soon test the ₹6,200-6,250 per quintal level. A successful breakout above this range could open the possibility of prices moving towards ₹6,500 per quintal.The immediate support level for Delhi chana is seen at ₹6,000 per quintal, followed by ₹5,900-5,950. The key resistance level is ₹6,200-6,250 per quintal. A strong move above this level may strengthen the bullish trend. The chana market outlook remains positive due to NAFED strict procurement stance, lower market arrivals, firm import prices, and gradual improvement in demand. Unless there is a major change in these factors, chana prices may see further gains of ₹300-400 per quintal in the coming days, with the ₹6,500 per quintal level remaining a possible near-term target.

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