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Informist, Wednesday, Jan. 22, 2025

By J. Navya Sruthi

MUMBAI – Prices of tur and chana rose slightly in key markets across India, traders said. This modest increase in prices is not a big deal and the downtrend in prices is likely to continue, according to the traders.

Prices of TUR were up by INR 50 at INR 7,700 per 100 kg in Solapur, Maharashtra, local trader Rahul Srinivas said, adding that this is "not a big deal". He said the downtrend in prices will continue and they may fall by INR 200-INR 300 per 100 kg in the short-term.

According to the India Pulses and Grains Association, tur prices were up by INR 25 at INR 7,700-INR 7,725 per 100 kg in Akola, Maharashtra. Prices of the commodity also rose in Indore, Madhya Pradesh, by INR 100 to INR 7,700 per 100 kg.

While prices rose Wednesday, they could fall below the minimum support price of INR 7,550 per 100 kg in the next few weeks due to an increase in arrivals of the kharif crop and extension of duty-free imports of tur by another year, traders said. The government has extended duty-free imports of pigeon pea, or tur, by another year, till Mar. 31, 2026, the Directorate General of Foreign Trade said in a notification Tuesday.

Tur prices could fall more because of pressure from rising arrivals of the kharif crop in the short term, especially from Vidarbha, Maharashtra, the association said in a weekly report. Currently, markets are getting tur with higher moisture content, which lowers the quality of the commodity.

Prices of CHANA were up INR 100 at INR 6,000 per 100 kg in Indore as arrivals fell slightly, but which are seen increasing in the near-term, local trader Kailash Kakani said. Prices will continue to fall due to excess availability of chana in the domestic market through free imports. Prices may dip INR 200-INR 300 per 100 kg in the short-term.   

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

Higher rabi chana acreage is also weighing on current prices. According to data from the Department of Agriculture and Farmers Welfare, the acreage of chana in the ongoing rabi season was 9.67 million hectares as of Jan. 13, up 0.8% from the area sown in the previous year.

Meanwhile, harvest of the early chana crop has begun at some places in Karnataka. So, increasing arrivals of the crop in a few local markets may also weigh on prices.  End

Edited by Subhojit Sarkar

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