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Informist, Thursday, Jan. 16, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across the country due to muted demand for domestic chana amid the availability of plenty of cheap imports from Australia, traders said. Prices of tur were steady, and are expected to stay so for the next 15 days, till the arrival of better quality pulse in the market.

CHANA prices in Akola, Maharashtra, were down by INR 50 from Wednesday to INR 6,450-INR 6,475 per 100 kg, Ankit Kedia, a local trader said. Arrivals were steady at 300 bags (1 bag = 50 kg). "There is no movement in the market," he said, adding that there is next to no demand for domestic chana due to the availability of cheaper Australian imports. Australian chana is priced at INR 6,000-INR 6,100 per 100 kg across major trading hubs, he said.

Chana exports from Australia during November stood at 442,603 tonnes, up significantly from 32,698 tonnes exported in November 2023, according to data from the Australia Bureau of Statistics. The jump in numbers is due to a much larger chana crop in Australia, prompted by demand from India, according to the India Pulses and Grains Association. 

Similarly, prices of chana in Indore in Madhya Pradesh fell by INR 50 from Wednesday to INR 6,450-INR 6,500 per 100 kg, according to the Association. 

The Kalaburagi market in Karnataka began receiving fewer arrivals of the new rabi crop, according to the Association. The market received 200 bags (1 bag = 100 kg) of the new chana, priced at INR 6,300-INR 6,400 per 100 kg, according to the Association.

Prices of TUR in Akola were steady at INR 7,750-INR 7,800 per 100 kg, Kedia said. Arrivals rose by 1,000 bags to 4,000 bags (1 bag = 50 kg). Prices, which had previously been on a downtrend due to a rise in arrivals of the kharif crop, have now stabilised due to a rise in demand, he said.

"Demand from mills increased as they have low stocks in the pipeline for processing," Kedia said. However, demand has not seen a substantial rise yet as the market is still receiving tur with a high moisture content, which lowers the quality of the pulse, he said. Arrivals of tur with a lower and more acceptable moisture content will begin after 15 days and demand is seen increasing then, he said.

Prices of tur in Kalaburagi were also steady at INR 6,333-INR 8,102 per 100 kg, according to the Association. As many as 4,235 bags (1 bag = 50 kg) of the pulse arrived in the market on Thursday.

MOONG prices in Solapur in Maharashtra were steady at INR 7,200-INR 8,400 per 100 kg, while prices in Kalaburagi were also steady at INR 7,000-INR 8,000 per 100 kg, according to the Association.

The National Agricultural Cooperative Marketing Federation of India procured 167,760.05 tonnes moong as of Monday, which is 50.2% of the total Centre-sanctioned quantity of 334,416 tonnes under the price support scheme, according to data provided by the Federation.  End

Edited by Deepshikha Bhardwaj

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