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Informist, Tuesday, Jan. 28, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across India as arrivals of the new rabi chana began in Maharashtra and Karnataka, traders said. Prices of tur and moong were steady. Tur prices are expected to dip further because of increasing arrivals of the kharif crop, while prices of moong are seen rising due to a fall in arrivals, they said. 

CHANA prices at Akola in Maharashtra were down by INR 50-INR 100 from Monday to INR 5,950-INR 6,000 per 100 kg, Ankit Kedia, a local trader said. Arrivals were steady at 200 bags (1 bag = 50 kg). The market is receiving small arrivals of the new rabi crop from Maharashtra that are weighing on prices of the earlier stock, he said. The market received 125 bags of the new crop, and it is priced between INR 6,200 and INR 6,555 per 100 kg, he said.

Prices also fell due to the availability of cheaper imports from Australia, Kedia said. Prices of Australian chana range between INR 5,600 and INR 6,000 per 100 kg, according to Kedia. 

Prices of chana in Indore, Madhya Pradesh, were steady at INR 6,200-INR 6,250 per 100 kg, as per the India Pulses and Grains Association. Prices of the new rabi chana in Kalaburagi, Karnataka, rose by INR 57 from Monday to INR 5,569-INR 6,000 per 100 kg, the association said. Arrivals of the new chana rose by 14 bags to 237 bags (1 bag = 50 kg).

Prices of TUR in Akola were steady at INR 7,300-INR 7,325 per 100 kg, Kedia said. Prices have stabilised temporarily after falling by INR 100-INR 150 per 100 kg from last week, he said. The decline in prices may continue due to rising arrivals of the kharif crop.

"Tur production in the Akola belt this year is twice the output of last year, so prices will continue falling," Kedia said. Prices have already dipped below the minimum support price of INR 7,550 per 100 kg, and are seen falling to the INR 7,000 per 100 kg level soon.

However, prices could be supported by the government's procurement activities, he said. "The government is waiting for good-quality arrivals of the tur, which are expected to begin by next week," he said. Currently, the market is receiving tur with a higher moisture content, which spoils its quality.

On the other hand, prices of tur in Kalaburagi rose by INR 141 per 100 kg to INR 6,000-INR 8,112 per 100 kg, according to the India Pulses and Grains Association. Arrivals fell by 1,212 bags to 2,809 bags (1 bag = 50 kg).

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

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