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Informist, Thursday, Nov. 21, 2024

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across the country, due to lower-than-expected demand during the ongoing wedding season, traders said. Prices of tur were steady, while those of new tur arriving in the market fell. Prices of moong were also steady, they said.

CHANA prices in Kota, Rajasthan, were down by INR 50 from Wednesday at INR 6,100 per 100 kg, according to a local trader. "The demand during the current wedding season is not as strong as expected," he said. While there is some seasonal demand, it has failed to stop the downtrend in prices, he said.

"Prices are falling despite a shortage in desi chana due to the availability of yellow peas," he said. Yellow peas are sold as a cheaper alternative to chana, with current prices ranging between INR 3,000-4,000 per 100 kg. The country has imported more than 1 million tonnes of yellow peas as of September during 2024-25 (Apr-Mar), according to data from the Ministry of Commerce and Industry.

On the other hand, prices of chana in Indore, Madhya Pradesh, were steady at INR 6,700-6,750 per 100 kg, according to the India Pulses and Grains Association. 

TUR prices in Solapur, Maharashtra, were steady at INR 10,800 per 100 kg, Rahul Srinivas, a local trader said. Arrivals were steady at one-two trucks or 10,000-20,000 kg, he said. The arrivals included small quantities of the new kharif tur, which was priced at 10,400 per 100 kg, he said. "Prices of the new arrivals are on the lower side because the crop still has a high moisture content, lowering its quality," he said. However, further arrivals of the new crop are expected to have lesser moisture content, which is likely to be priced higher, he said.

The new kharif arrivals will begin in full swing by the first week of December, and till then prices are seen steady, Srinivas said. "There are no stocks in the pipelines in mills across the country," he said. Meanwhile, stockists are offloading their inventory in the market, hence there is good availability of tur, he said. As such, the demand is on par with the supply, he said.

Prices of tur in Kalaburagi in Karnataka were also steady at INR 9,400-11,013 per 100 kg, according to the association. Arrivals were steady at 1,020 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 7,000-8,000 per 100 kg, according to the association. Arrivals were steady at 1,000 bags (1 bag = 50 kg). Prices of moong in Lalitpur in Uttar Pradesh were also steady at INR 6,500-7,500 per 100 kg, the association said. Arrivals were steady at 150 bags (1 bag = 50 kg.)

The National Agricultural Cooperative Marketing Federation of India Lts has procured 54,976 tonnes of moong, which is 19.4% of the Centre-approved quantity of 282,973 tonnes, as of Monday under the price support scheme, according to data released by the federation. Moong from all states will be procured at the minimum support price of INR 8,682 per 100 kg, according to the federation. End

Edited by Deepshikha Bhardwaj

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