More Stories

Informist, Monday, Jan. 13, 2025

By Shreya Shetty

MUMBAI – Prices of chana were steady in some key spot markets across the country due to muted demand for the locally grown variety amid high imports of cheaper Australian chana, traders said. Prices of tur fell on account of a rise in arrivals of the kharif crop from Karnataka and Maharashtra, while the prices of urad were steady, they said.

CHANA prices in Kota, Rajasthan, were steady at INR 5,500-INR 5,570 per 100 kg, according to a local trader. Arrivals were also steady at 500 bags (1 bag = 50 kg). "Prices have been range-bound since the last few days after being on a continuous downtrend," he said. Sluggish demand for domestic chana amid the availability of ample imports from Australia is weighing on prices, he said.

Prices of chana are expected to be stable till the arrival of the new rabi crop, he said. "After Feb. 15, when arrivals of the new chana crop begin, prices could drop below the minimum support price of INR 5,500 per 100 kg briefly, before bouncing back on renewed demand," he said.

The Kalaburagi market in Karnataka began receiving small arrivals of the new rabi crop, according to the association. The market received 24 bags (1 bag = 100 kg) of the new chana, prices of which rose by INR 508 from Friday to INR 6,319-INR 6,321 per 100 kg, according to the India Pulses and Grains Association said.

Prices of chana in Indore, Madhya Pradesh, fell by INR 50 from Friday to INR 6,575-INR 6,600 per 100 kg, according to the association.

Prices of the new TUR in Kalaburagi were down by INR 150 from Friday at INR 6,500-INR 8,052 per 100 kg, according to the association. Arrivals of the new tur fell by 1,284 bags to 2,560 bags (1 bag = 50 kg).

Prices of tur are likely to remain under pressure in the near term as arrivals of the kharif crop may increase, especially in Vidarbha, Maharashtra, the association said in its weekly report Monday, citing market experts. Demand is expected to remain low as quality issues in the new crop from Maharashtra and Karnataka, which have higher moisture content, continue to keep buyers away. 

URAD prices in Chandausi in Uttar Pradesh were steady at INR 7,600-INR 7,650 per 100 kg, according to the association, with arrivals steady at 200 bags (1 bag = 50 kg). Prices of urad in Bidar, Karnataka, were also steady at INR 5,500-INR 6,725 per 100 kg, with arrivals of 154 bags (1 bag = 50 kg), according to the association. 

The National Agricultural Cooperative Marketing Federation of India said that as of Jan. 8, it had procured 31.25 tonnes of urad against the approved quantity of 149,240 tonnes in Rajasthan, where the procurement period is from Oct. 18 to Jan. 15, the data showed.

Urad will be procured at the minimum support price of INR 7,400 per 100 kg from all the states. The federation has yet to procure urad in Uttar Pradesh, Maharashtra, Gujarat, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and Haryana.

Prices of pulses at Solapur in Maharashtra were unavailable as the market was closed for Makar Sankranti, Mukesh Sanklecha, a local trader, said. The market will also be closed Tuesday, he said. Prices of pulses at Akola in Maharashtra were unavailable as the market was shut because of a labour strike, Ankit Kedia, a local trader, said.  End

Edited by Rajeev Pai

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.