Latest News

Aug
31

Chickpea Arrivals Fall 40% as Tight Supplies Keep Prices Strong

Indian chickpea prices are showing a largely steady trend, with some Kabuli varieties witnessing minor weakness in the wholesale market. The movement remains limited despite firm fundamentals in the broader chana market. Kabuli chickpeas have yet to fully reflect the recent strength seen in desi chana, keeping the market within a relatively narrow trading range.

National mandi data put the average price of white Kabuli chickpeas at around ₹6,699 per quintal, or approximately €0.73/kg, on August 29. Prices have slipped only about 0.5% over the past month, pointing to a sideways market rather than a significant correction. Depending on quality and location, Kabuli prices continue to trade across a wide range of roughly ₹1,000–₹12,000 per quintal.

Desi chana is averaging close to ₹6,200 per quintal, equivalent to around €0.67/kg. While values remain relatively high compared with government support levels, the market has moved away from the sharp upward momentum seen earlier. The firmness in ordinary chana, however, continues to provide an underlying floor for Kabuli prices.

Delhi remains one of the stronger wholesale markets. Demand for good-quality chana is holding up, while sellers are showing limited interest in releasing stocks. Rajasthan-origin material has been quoted around ₹6,450 per quintal, reflecting the tight availability of preferred-quality produce.

A key factor behind the market’s resilience is the decline in domestic arrivals. Current supplies of chana into the market are estimated to be around 40% lower than last year, as farmers have already sold much of their marketable stocks. Those holding remaining quantities are showing greater resistance to selling at current levels. The resulting supply tightness has pushed desi chana prices up by roughly ₹200 per quintal over the past two weeks.

Higher transportation and freight expenses are adding to the cost pressure, further limiting the scope for significant price reductions. Although fresh export demand for Kabuli chickpeas is not particularly strong, restricted domestic availability is helping prevent a major decline in prices.

Government and market price data also indicate that chickpea and gram values remain close to the upper end of their range over the past year, but there has been no major breakout in late August. This suggests that the market is being supported by supply constraints rather than aggressive speculative buying.

Weather conditions around Delhi and the NCR are typical of the closing phase of the monsoon, with warm and humid weather accompanied by occasional showers. Stored chickpea quality has not faced any significant immediate threat, although rainfall can affect transportation and the flow of produce into wholesale markets.

Overall, the near-term chickpea outlook remains stable to firm, with limited farmer selling and lower arrivals providing support, while subdued export demand and modest easing in some Kabuli grades are preventing a stronger rally.