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Informist, Monday, Jan. 27, 2025

By Shreya Shetty

MUMBAI – Prices of tur fell in key spot markets across the country, dipping below the minimum support price due to high arrivals of the kharif crop, traders said. Prices of chana and moong were steady. Prices of chana are seen down due to the availability of cheaper imports, while those of moong are seen rising on low arrivals, they said.

Prices of TUR in Solapur in Maharashtra declined INR 100-150 to INR 7,200-7,300 per 100 kg on Monday, below the minimum support price of INR 7,500 per 100 kg. Mukesh Sanklecha, a local trader said Solapur market received 70–75 trucks, or 70,000-75,000 kg of arrivals, he said.

Prices are weighed down by high arrivals of the kharif crop, he said. "Arrivals from Vidarbha in Maharashtra will increase soon, so prices could go down further," he said. Demand for tur has not risen yet due to the low quality of the arrivals, due to high moisture content, Sanklecha said.

Buying is expected to pick up only once good quality arrivals begin, he said. Until then, prices are expected to remain below the minimum support price, he said. "Prices will also be supported once the government's procurement activities begin in the first week of February," he said.

Prices of tur in Kalaburagi in Karnataka fell by INR 252 per 100 kg to INR 5,859-5,922 per 100 kg, according to the India Pulses and Grains Association. Arrivals rose by 294 bags to 4,021 bags (1 bag = 50 kg).

CHANA prices in Indore in Madhya Pradesh were steady at INR 6,200-6,250 per 100 kg, Kailash Kakani, a local trader said. Prices have temporarily stabilised after being on a downtrend trend, he said. The availability of cheaper imports from Australia, priced between INR 5,600-6,000 per 100 kg, has diverted demand away from the domestic crop, he said.

"Though prices have stabilised, it does not mean demand has risen. In fact, demand is expected to remain low until the arrival of the new rabi crop," Kakani said. Once the new rabi crop hits the market, prices could fall further, but are seen rising soon after due to increased demand from millers and stockists, he said.

Prices of chana in Akola in Maharashtra were also steady at INR 5,800-6,425 per 100 kg, according to the association. Arrivals rose by 100 bags to 200 bags (1 bag = 50 kg).

Arrivals of the new rabi crop have started in Kalaburagi, the association said. The market received 223 bags (1 bag = 50 kg) of the new chana, priced at INR 5,512-5,922 per 100 kg, the association said.

MOONG prices in Solapur in Maharashtra were steady at INR 7,200-8,400 per 100 kg, Sanklecha said. Prices are expected to rise by INR 100-150 per 100 kg in the next few days due to low arrivals of the crop, he said. However, the rise in prices is expected to last only till March, as arrivals of the summer crop will begin by then, he said. 

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

Edited by Saji George Titus

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