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Informist, Friday, Jan. 10, 2025

By Shreya Shetty

MUMBAI – Prices of all the pulses were steady across key spot markets of the country Friday, traders said. Prices of chana are seen range-bound until the arrival of the new rabi crop, they said. Prices of tur are likely to fall further with the arrival of the kharif crop gathering pace, they said.

CHANA prices in Indore, Madhya Pradesh, were steady at INR 6,350 per 100 kg, local trader Raja Jain said. "A slight rise in demand has halted the downtrend in prices," he said. Prices have also stabilised as the market is resisting lower prices in fear of further losses, he said.

Prices are expected to be range-bound until the arrival of the new rabi crop, Jain said. Prices are bound to fall on rise in arrivals, but are expected to recover quickly, he said. "Buyers are waiting for the new arrivals to hit the markets so that prices fall, after which buying is likely to begin in full swing," he said. After a brief fall, chana prices are seen rising in the medium-term, he said.

The Kalaburagi market in Karnataka began receiving small arrivals of the new rabi crop, according to the association. The market received 10 bags (1 bag = 100 kg) of the new chana, prices of which fell by INR 555 from Thursday to INR 5,811 per 100 kg, according to the India Pulses and Grains Association said.

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

Prices of the new TUR crop in Kalaburagi were steady at INR 6,085-INR 8,361 per 100 kg, according to the association. Arrivals of the new tur rose by 200 bags to 3,844 bags (1 bag = 100 kg). Prices of the new tur in Solapur, Maharashtra were also steady at INR 7,500-INR 7,900 per 100 kg. The market received 65–70 trucks, or 65,000-70,000 bags, the association said.

Prices of tur could fall due to further drop in demand as mills in Tamil Nadu will be shut from Jan. 11-19 on account of Pongal, the association said in its weekly report on Monday. After Pongal, or Makar Sankranti, arrivals from Vidarbha in Maharashtra and from other major tur-producing states are expected to increase, weighing down on prices.

In the short term, tur prices could fall below the minimum support price of INR 7,550 per 100 kg due to weak demand, rise in supply, and imports from Myanmar due to a bumper tur crop in the country, the association said.

MASUR prices in Indore were steady at INR 6,000-INR 6,100 per 100 kg, Jain said. Prices could change by INR 25-INR 50, but it will be temporary, and not substantial enough, he said. However, prices could fall once arrivals of the new rabi masur begin, he said. As of Jan. 3, masur acreage in the ongoing rabi season in the country was down nearly 2% on year at 1.74 million hectares, according to data released by 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 5,850 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 Ashish Shirke

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