Chana Report As On 08 Sept 2026 by Amit Gupta, Kedia Advisory
? Chana gained 4% monthly as declining Indian port stocks, festival procurement and a 50% lower Australian crop forecast supported prices.
? Jan-Sep 2026 arrivals fell 11% to 19.93 lakh tonnes across producing states.
? Depleting old stocks at ports and mandis increased sensitivity toward fresh supplies.
? MSP increased ?225 to ?5,875/quintal, strengthening price support for chana farmers.
? Government holds 43 lakh tonnes pulses buffer stocks, doubling strategic emergency holdings.
? 30% Yellow Peas import duty is supporting domestic chana demand and substitution.
? India-EU trade projections exclude chana tariff concessions, protecting domestic farmers from imports.
? Tur and Urad free-import policy extended through March 31, 2027, influencing pulse demand.
? Stock-limit monitoring has discouraged hoarding and speculative accumulation among wholesalers and retailers.
? Five-year seasonality indicates chana prices could decline over 7% during September-December.
? 2025-26 Chana production estimated at 125.14 lakh tonnes, rising 12.6% year-on-year.
? ABARES has lowered its 2026-27 chickpea production forecast to 1.05 million tonnes, compared with 2.19 million tonnes in 2025-26.
? Australian chickpea ending stocks forecast at 130,000 tonnes, reflecting tighter export availability.
? AAFC expects Canadian chickpea production at 315,000 MT, nearly 10% above last year.
? IGC forecasts global chickpea production increasing 1.6%, potentially limiting substantial price gains.
? Lower Canadian arrivals could reduce global supply pressure and support Indian chana prices.
? Kabuli chana exports rose 24% to 10,698 tonnes during June 2026.
? Bearish harmonic pattern formation on daily and weekly charts signals technical downside risk.
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