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Informist, Tuesday, Dec. 31, 2024

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across the country due to a seasonal low in demand, traders said. Prices of tur also fell due to arrivals of the new kharif crop from Karnataka and Maharashtra, while prices of masur were steady, they said.

CHANA prices in Indore in Madhya Pradesh were down by INR 75 from Monday at INR 6,475-INR 6,500 per 100 kg, Kailash Kakani, a local trader, said. "With it being the last day of the year, there is little to no business in the market," he said. Demand for chana is usually extremely sluggish at the end of the year, and Kakani does not see prices rising anytime soon. "Prices are seen falling further in the next few days," he said.

Prices are also weighed down by the availability of yellow peas, Kakani said. Yellow peas are used as a cheaper alternative to chana. The Centre last week extended the duty waiver on imports of yellow peas by another two months till Feb. 28, with immediate effect. 

However, prices of chana at Akola in Maharashtra were steady at INR 6,525-INR 6,550 per 100 kg, according to the India Pulses and Grains Association. Arrivals were steady at 200 bags (1 bag = 50 kg).

Prices of the new TUR at Kalaburagi in Karnataka were down by INR 100 from Monday at INR 6,526-INR 8,713 per 100 kg, according to the association. Arrivals were up by 188 bags to 3,091 bags (1 bag = 100 kg). Similarly, prices of the new tur at Solapur in Maharashtra were down by INR 100 from Monday at INR 7,000-INR 7,300 per 100 kg, according to the association. The market received 50–55 trucks, or 50,000-55,000 kg, of new tur.

Prices of tur are down due to the new arrivals of the kharif crop, traders said. Arrivals of the new crop from Karnataka are in full swing, while small batches of the new crop from Maharashtra have started arriving as well, they said.

The government has sanctioned the procurement of an additional 475,290 tonnes of tur under the price support scheme, according to data released by the National Agricultural Cooperative Marketing Federation of India on Dec. 24. The federation will purchase 169,140 tonnes of tur from Telangana, and 306,150 tonnes from Karnataka, the data showed. NAFED will now buy a total of 966,575 tonnes of tur, though procurement is yet to begin. 

MASUR prices in Indore were steady at INR 6,000-INR 6,025 per 100 kg, according to the association. Prices of the moti variety were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,500-INR 5,850 per 100 kg. Prices of the choti variety were also steady at INR 5,800-INR 6,150 per 100 kg, the association said.

Rabi sowing of masur as of Monday was down 1.8% on year at 1.7 million hectares, according to data from the Department of Agriculture and Farmers Welfare.  End

Edited by Saji George Titus

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