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Informist, Wednesday, Jan. 29, 2025

By Shreya Shetty

MUMBAI – Prices of chana and masur fell in key spot markets across the country Wednesday, traders said. Prices of chana fell because of the availability of cheaper, good quality imports from Australia, and those of masur fell on muted demand, they said. Prices of tur rose due to a temporary rise in need-based buying from millers, they said.

CHANA prices in Vidisha in Madhya Pradesh fell by INR 100 from Tuesday to INR 5,300-INR 5,800 per 100 kg, Dinesh Mangal, a local trader, said. Arrivals were steady at 200 bags (1 bag = 50 kg). Demand for domestic chana is sluggish due to the ample availability of Australian imports, which are also cheaper. "The quality of imported chana is also good, so all demand is diverted from the domestic crop," Mangal said.

Market sentiment has also been shaken by anticipation of arrivals of the new rabi chana, Mangal said. "Maharashtra and Karnataka have begun receiving small arrivals of the new crop, which ideally should not affect prices. But the market's mood is down, as they brace for rising rabi arrivals in the coming days," he said.

The Akola market in Maharashtra received 150 bags (1 bag = 50 kg) of the new rabi chana on Wednesday, with its prices falling by INR 400 from Tuesday to INR 5,800-INR 6,205 per 100 kg, according to the India Pulses and Grains Association.

Prices of TUR in Solapur, Maharashtra, rose by INR 50 from Tuesday to INR 6,500-INR 7,450 per 100 kg, Rahul Srinivas, a local trader, said. The market received 30–35 trucks carrying tur, he said. "There is some need-based buying by mills, which is supporting prices," he said. However, the rise in prices is likely to be temporary, he added.

Tur prices, which have already dipped below the minimum support price of INR 7,550 per 100 kg, are seen falling further on arrivals of the kharif crop, Srinivas said. The poor quality of the arrivals is also weighing on prices, he said. Farmers are waiting for the government's procurement activities to begin, which would support prices, he said. "We received tenders from the government 1.5 months ago, but buying is yet to start. Until then, the tur market will be down," he said.

Prices of tur in Katni in Madhya Pradesh were steady at INR 6,900-INR 7,400 per 100 kg, according to the association.

MASUR prices in Vidisha were down INR 100 from Tuesday at INR 5,400-INR 6,100 per 100 kg, Mangal said. Demand for masur has fallen, he said. Buyers are also holding back from purchases in anticipation of a further fall in prices once arrivals of the new rabi masur begin, he said. As of Monday, masur acreage in the current rabi season was down 1.9% at 1.74 million hectares, according to data from the Department of Agriculture and Farmers' Welfare.

Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,400-INR 5,700 per 100 kg. Prices of the choti variety were also steady at INR 5,800-INR 6,100 per 100 kg, the association said.  End

Edited by Rajeev Pai

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