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Informist, Thursday, Jan. 2, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur rose in key spot markets across the country due to an improvement in demand, traders said. The increase in demand for chana is temporary and may not be sustained, they said. Prices of masur were steady in key markets, they said.

CHANA prices in Indore rose INR 75 to INR 6,600-INR 6,650 per 100 kilograms, Raja Jain, a local trader, said. Prices were up due to a temporary rise in demand and may not be sustained beyond one or two days, he said. "Prices are expected to resume their downtrend soon as imported chana is diverting most demand away from domestic chana," Jain said. Chana imports from Australia, priced between INR 6,100-INR 6,200 per 100 kg, are cheaper than domestic chana, he said. India imported 96,103 tonnes of chana from Australia in Apr-Oct, according to data from the Ministry of Commerce and Industry.

At Akola in Maharashtra, chana prices rose INR 50 to INR 6,550-INR 6,575 per 100 kg, according to the India Pulses and Grains Association.

Prices of the new TUR at Solapur in Maharashtra increased by INR 200 from Wednesday to INR 7,500-INR 8,250 per 100 kg, Rahul Srinivas, a local trader, said. The market received 50–60 trucks, or 50,000-60,000 kg of new tur, he said. "Demand for tur from the northern parts of the country has risen, supporting prices," he said. The Solapur market is a major trading hub for the new kharif tur arrivals from Karnataka and Maharashtra and supplies to several north Indian trading hubs, he said.

The demand for tur is expected to rise further by mid-January, Srinivas said. "Currently, the market is receiving tur with a high moisture content, which lowers its quality. Millers are waiting for the arrival of dry tur," he said. Cloudy weather in several parts of Karnataka and Maharashtra, particularly at the border of the two states, is preventing the new crop from drying out completely, he said.

Prices of the new tur at Kalaburagi in Karnataka were steady at INR 7,000-INR 8,821 per 100 kg, according to the association. Arrivals of the new tur were up by 545 bags to 3,186 bags (1 bag = 100 kg).

MASUR prices in Indore were steady at INR 6,000-INR 6,025 per 100 kg, Jain said. Prices of masur are likely to remain steady for the next few months, he said. 

Though the rabi sowing of masur is down from a year ago, the country is unlikely to face issues with the availability due to imports, Rahul Chauhan, director, IGrain, said. Masur is widely available in Canada, Australia, and even Russia. In Apr-Oct, India imported 264,343 tonnes from Australia, 204,783 tonnes from Canada, and 7,443 tonnes from Russia, according to data from the Ministry of Commerce and Industry.

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

Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,500-INR 5,800 per 100 kg. Prices of the choti variety were also steady at INR 5,800-INR 6,200 per 100 kg, the association said.  End

Edited by Saji George Titus

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