More Stories

Informist, Thursday, Jan. 23, 2025

By Shreya Shetty

MUMBAI – Prices of tur were steady in key spot markets across India as procurement by the government prevented a fall following high arrivals of the kharif crop, traders said. Prices of chana fell due to availability of cheaper imports from Australia while prices of moong were seen rising because of supply shortage, the traders said.

Prices of TUR at Kalaburagi in Karnataka were firm at INR 6,125-INR 8,153 per 100 kg, local trader Veerkumar Kadkol said. Arrivals were steady at 5,021 bags (1 bag = 50 kg). Prices have fallen below the minimum support price of INR 7,550 per 100 kg because lower quality tur is being sold, he said. "The actual price range of sellable tur should be INR 7,000-INR 8,200 per 100 kg," he said.

Prices, which would otherwise be on a downtrend due to high arrivals of the kharif crop, are steady due to Karnataka government's procurement, Kadkol said. "The state government is purchasing tur with a bonus of INR 450, bringing up the procurement price to INR 8,000 per 100 kg," he said. Earlier, the central and state governments were procuring the pulse at the minimum support price, but were unable to prevent the slide in prices. "To keep tur prices from falling further, the state government added the bonus," he said.

Prices are not seen rising anytime soon, Kadkol said. "There are too many arrivals of the kharif crop, and while there is some demand, it is not substantial enough to pull prices up," he said.

In Solapur, Maharashtra, prices of tur fell by INR 50 from Wednesday to INR 7,650-INR 7,700 per 100 kg, according to the India Pulses and Grains Association. The market received 60–70 trucks or 60,000-70,000 kg of tur arrivals.

CHANA prices in Akola, Maharashtra, were down by INR 25 from Wednesday to INR 6,200-INR 6,225 per 100 kg, Ankit Kedia, a local trader said. Arrivals were steady at 100 bags (1 bag = 50 kg). Prices are under pressure due to the availability of cheaper chana from Australia, he said.

"Demand for domestic chana is sluggish because imports from Australia are cheaper by INR 400-INR 500 per 100 kg," Kedia said, adding that quality of Australian chana is also good. Kedia sees prices staying lower for the next few weeks. Once arrivals of the new rabi crop begin after 15–20 days, prices could dip below the minimum support price of INR 5,650 per 100 kg, and settle around INR 5,000 per 100 kg, he said.

Prices of chana in Indore, Madhya Pradesh, fell by INR 50 from Wednesday to INR 5,950-INR 6,000 per 100 kg, according to the association.

In the Kalaburagi market, arrivals of the new rabi crop have started, according to the association. The market received 116 bags (1 bag = 50 kg) of the new chana, priced at INR 5,865-INR 6,000 per 100 kg, the association said.

MOONG prices in Kalaburagi were steady at INR 7,000-INR 8,000 per 100 kg, Kadkol said. Prices could rise in a few weeks as arrivals of the kharif crop have decreased and the market could face a shortage soon, he said. The quality of moong is good, which could support prices. Prices of the pulse are likely to rise by INR 500-600 per 100 kg, he said.

Prices of moong in Solapur, Maharashtra, were steady at INR 7,200-INR 8,400 per 100 kg, according to the association.  End

Edited by Subhojit Sarkar

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.