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Informist, Thursday, Jan. 9, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets on Thursday due to the availability of cheaper Australian imports, dealers said. Prices of the new tur fell in Maharashtra due to ample arrivals of the new crop, they said. Prices of moong were steady, they said.

Prices of the new TUR in Solapur in Maharashtra were down INR 100 Thursday at INR 7,500-INR 8,000 per 100 kg, Rahul Srinivas, a local trader said. The market received 70–80 trucks, or 70,000-80,000 kg, of the new kharif tur, he said. Prices are weighed down by ample arrivals of the new crop from Karnataka and Maharashtra, he said.

However, prices may stabilise in the next few days as the demand from millers is seen increasing, Srinivas said. "The moisture content in the new tur has decreased to acceptable levels, so millers are likely to start buying in bulk," he said. A higher moisture content in the pulse lowers its quality. A moisture content of 12% or less is usually ideal, he said.

On the other hand, prices of the new tur in Kalaburagi in Karnataka were steady at INR 6,656-INR 8,362 per 100 kg, according to the India Pulses and Grains Association. Arrivals of the new tur fell by 2,225 bags to 3,644 bags (1 bag = 100 kg).

CHANA prices in Ashok Nagar in Madhya Pradesh fell by INR 100 to INR 6,000-INR 6,250 per 100 kg, Gaurav Kochar, a local trader said. Arrivals were steady at 100 bags (1 bag = 100 kg). "Demand for domestic chana is sluggish due to the availability of imports from Australia," he said. 

India imported 96,103 tonnes of chana from Australia in Apr-Oct, according to data from the Ministry of Commerce and Industry, making Australia the largest exporter of chana to India so far this year. Prices are likely to continue to fall further as demand is not seen rising in the next few weeks, Kochar said. 

Similarly, prices of chana in Solapur in Maharashtra were down by INR 100 to INR 6,300-INR 6,400 per 100 kg, according to the association. 

The Kalaburagi market began receiving small arrivals of the new chana rabi crop, according to the association. The market received 46 bags (1 bag = 100 kg) of the new chana, which was priced at INR 6,366 per 100 kg, the association said.

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

The National Agricultural Cooperative Marketing Federation of India has procured 158,451 tonnes of moong as of Tuesday, which is 47.4% of the quantity of 334,416 tonnes approved by the Centre under the price support scheme, the federation said. End

Edited by Saji George Titus

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