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Informist, Wednesday, Jan. 1, 2025

By Shreya Shetty

MUMBAI – Prices of all pulses were steady in key spot markets across the country, traders said. Prices of tur were flat due to a slight slowdown in the arrivals of the new crop. Similarly, prices of masur were steady in various markets, they said. Market participants expect chana prices to fall further after the temporary halt in the downtrend, they said.

CHANA prices in Indore, Madhya Pradesh were steady at INR 6,475-INR 6,500 per 100 kg, Dinesh Mangal, a local trader said. Prices have stabilised temporarily, but are bound to resume their downtrend soon, he said. "Arrivals in the market are rising as stockists and farmers are offloading their inventories in fear of a further drop in prices," he said. He anticipates that prices will fall further due to abundant supply in spot markets. 

Prices could also be weighed down by the government's recent decision to extend duty-free imports of yellow peas, Mangal 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. "The extension has hurt market sentiments, so prices are seen falling more," he said.

However, prices may not fall beyond the level of INR 6,000 per 100 kg and could be range-bound till the arrival of the new rabi chana crop in markets in next few months, Mangal said.  

Similarly, prices of chana in Akola, Maharashtra were steady at INR 6,470-INR 6,500 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 in Akola, Maharashtra were steady at INR 8,200-INR 8,225 per 100 kg, Ashok Gupta, a local trader, said. Arrivals were down by 300-500 bags (1 bag = 50 kg). Arrivals of the new tur have slowed down temporarily, stabilising prices, he said. However, prices will fall further after Jan. 15, when the market starts receiving new kharif crop arrivals from Maharashtra as well, he said. "Akola is yet to begin receiving the new crop from the surrounding regions, so prices may remain steady until then," he said.

Similarly, prices of the new tur in Kalaburagi, Karnataka, were steady at INR 6,126-INR 8,812 per 100 kg, according to the association. Arrivals of the new tur were down by 450 bags to 2,641 bags (1 bag = 100 kg).

MASUR prices in Indore were steady at INR 6,000-INR 6,025 per 100 kg, Mangal said. "Prices are expected to remain steady until the market receives the new rabi crop," he said. Though the rabi masur acreage is lower on-year, it is not likely to affect prices too much, he said. "Even if the output is lower this season, prices may not rise as much as they should because the country has plenty of imports as well," he said.

Rabi sowing of masur across the country 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.

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. End

Edited by Deepshikha Bhardwaj

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