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Informist, Monday, Jan. 20, 2025

By Shreya Shetty

MUMBAI – Prices of tur fell in key spot markets across the country on Monday due to higher arrivals and a drop in demand, while those of chana declined due to the availability of cheaper imports from Australia, traders said. Prices of moong were steady, they said.

Prices of TUR in Solapur in Maharashtra were down INR 50 on Monday at INR 7,500-INR 7,650 per 100 kg, Mukesh Sanklecha, a local trader said. The market received 80–90 trucks, or 80,000-90,000 kg, of arrivals, he said. Prices are weighed down by the continuous arrivals of the kharif crop from both Maharashtra and Karnataka, he said. 

Prices also fell due to a drop in demand, Sanklecha said. "Many buyers are holding back purchases in anticipation of a further fall in prices," he said. Currently, mills are buying only for immediate processing needs, he said. However, prices could rise in another month, when stockists finally begin buying in bulk, he said. 

Prices of tur in Kalaburagi in Karnataka were steady at INR 6,100-INR 8,129 per 100 kg, according to the India Pulses and Grains Association. Arrivals rose by 1,779 bags (1 bag = 50 kg) from Friday to 6,065 bags.

CHANA prices in Indore in Madhya Pradesh fell INR 50 to INR 6,350-INR 6,400 per 100 kg, Kailash Kakani, a local trader said. "The availability of cheaper imports from Australia is diverting demand away from domestic chana, pushing prices down," he said. Australian chana is priced at INR 5,900-INR 6,000 per 100 kg, he said.

Australia exported 349,904 tonnes of chana in November, up significantly from 32,698 tonnes exported a year ago, according to data from the Australia Bureau of Statistics. The jump in numbers is due to a much larger chana crop in Australia and higher demand from India, according to the association. 

Prices are seen falling by INR 200-INR 300 per 100 kg by Feb. 15, when arrivals of the new rabi chana begin in full swing, Kakani said. The Kalaburagi market began receiving few arrivals of the new rabi crop, according to the association. The market received 61 bags (1 bag = 50 kg) of the new chana, priced at INR 6,211 per 100 kg, according to the association.

Similarly, prices of chana in Akola in Maharashtra fell INR 75 to INR 6,250-INR 6,275 per 100 kg, according to the association. Arrivals fell by 50 bags to 100 bags (1 bag = 50 kg).

MOONG prices in Solapur were steady at INR 7,200-INR 8,400 per 100 kg, Sanklecha said. Demand for moong is low, but prices are being supported by the government's procurement activities, he said. However, in the medium term, prices could rise as arrivals of moong have started to fall, with the kharif crop arrivals nearing its end, he said.

The National Agricultural Cooperative Marketing Federation of India procured 167,760 tonnes of moong as of Jan. 13, 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.

Similarly, prices of moong in Kalaburagi were steady at INR 7,000-INR 8,000 per 100 kg, according to the association.  End

Edited by Saji George Titus

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