Indian Kabuli chana markets remained firm, with domestic mandi prices showing an upward trend despite a marginal easing in export offers. Stronger buying interest in the domestic market has supported prices and narrowed margins for exporters.
While local demand remains supportive, overseas demand continues to be cautious, limiting the scope for a significant rise in export prices. The contrasting trends between domestic markets and export offers have created a challenging environment for traders and exporters.
In Mexico, one of the major global chickpea-producing and exporting origins, export offers have remained largely stable. Balanced supply conditions and disciplined acreage planning have helped keep the Mexican market relatively steady.
Weather conditions across key growing regions in both India and Mexico remain broadly normal. With no major weather-related disruptions currently providing fresh support to prices, market participants are focusing more closely on demand and supply fundamentals.
For Indian Kabuli chana, the near-term direction is expected to depend largely on domestic buying activity, export demand, international trade flows and government policy. Any change in these factors could influence price movements in the coming weeks.
Strong domestic demand may continue to provide a floor to Indian prices, although cautious export buying could limit significant upside. Traders are therefore likely to closely monitor mandi arrivals, domestic consumption and export enquiries.
Meanwhile, Mexican chickpea values are expected to remain relatively stable as supply remains balanced and growers maintain a measured approach to acreage.
Overall, the Indian Kabuli chana market is likely to remain firm to range-bound, supported by domestic demand but constrained by cautious overseas buying. Mexican chickpea prices are expected to remain stable, with weather currently offering limited direction to the market.
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