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Informist, Thursday, Jan. 30, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across the country due to the availability of cheaper imports from Australia, traders said. Prices of tur rose slightly due to need-based demand from mills, they said. Prices of urad were seen falling due to pressure from rising imports, they said.

CHANA prices in Kota, Rajasthan, fell by INR 100-INR 200 from Wednesday to INR 5,500-INR 5,700 per 100 kg, a local trader said. Arrivals in the market were steady at 300 bags (1 bag = 50 kg). "Prices have been falling drastically in the past few days due to low demand for the domestic crop," he said. Demand is being diverted to cheaper Australian imports, he said. 

In Apr-Nov, chana imports from Australia were the highest among all sources at 120,341.88 tonnes, according to data from the Ministry of Commerce and Industry. The jump in numbers was due to a much bigger chana crop in Australia, prompted by demand from India, the India Pulses and Grains Association said in a report.

Arrivals of the new rabi chana have begun in Maharashtra and Karnataka, traders said. The market in Akola, Maharashtra, received 400 bags (1 bag = 50 kg) of the new crop, priced between INR 5,400 and INR 5,800 per 100 kg, they said. The Kalaburagi market in Karnataka received 145 bags (1 bag = 50 kg) of new chana, priced between INR 5,729 and INR 5,900 per 100 kg, they said. 

Prices of TUR in Akola rose by INR 50 from Wednesday to INR 7,425-INR 7,450 per 100 kg, Ashok Gupta, a local trader said. Prices have risen due to need-based purchases by millers. The market is also preventing prices from falling further, as they have already gone below the minimum support price of INR 7,550 per 100 kg, he said.

Though arrivals of the kharif crop are rising, Gupta says prices will be range-bound, with farmers refusing to sell at lower rates. "Farmers are also waiting for the government's procurement activities to begin, which would support prices," he said.

Prices of tur in Kalaburagi were steady at INR 6,000-INR 8,179 per 100 kg, according to the India Pulses and Grains Association. Arrivals rose by 643 bags to 3,452 bags (1 bag = 50 kg).

URAD prices in Indore, Madhya Pradesh, were steady at INR 7,500-INR 8,500 per 100 kg, according to the association. Prices of urad in Lalitpur, Uttar Pradesh, were steady at INR 5,500-INR 7,400 per 100 kg, with arrivals of 1,000 bags (1 bag = 50 kg). 

Urad prices are expected to fall this week due to pressure from imports from Myanmar. Meanwhile, anticipation of more imports, as some market players have made forward contracts for shipments, could also weigh on prices, the association said in its weekly report on Monday.

Imports of urad into the country in Apr-Nov rose 31.6% on year to 528,050.55 tonnes, with the highest imports from Myanmar at 479,357.95 tonnes, followed by Brazil with 39,138.93 tonnes, according to data from the Ministry of Commerce and Industry.  End

Edited by Avishek Dutta

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