More Stories

Informist, Friday, Jan. 31, 2025

By Shreya Shetty

MUMBAI – Prices of all pulses remained stable in key spot markets across India, traders said. Prices of chana may continue to fall due to the ample availability of cheaper imports from Australia, according to the traders. Tur prices may remain range-bound, as they have already fallen below the minimum support price. Prices of masur could decrease once the rabi crop begins to arrive, the traders noted.

CHANA prices in Indore, Madhya Pradesh, were steady at INR 6,200-INR 6,250 per 100 kg, Raja Jain, a local trader, said. According to Jain, while prices have temporarily stabilised, they may continue to decline in the next few days. The availability of cheaper imports from Australia, priced between INR 5,600 and INR 6,000 per 100 kg, has shifted demand away from the domestic crop, he said.

The market is awaiting the government's decision on the duty-free imports of chana, Jain said. If imports continue, prices are seen slipping below the minimum support price, hurting domestic farmers. "The government wants farmers to get reasonable prices for their rabi chana crop in Mar-Apr," G. Chandrashekhar, a commodity expert and policy commentator, said.

The market at Akola in Maharashtra received 400 bags (1 bag = 50 kg) of the new crop, priced between INR 5,800 and INR 6,095 per 100 kg, the traders said. The Kalaburagi market in Karnataka received 145 bags (1 bag = 50 kg) of new chana, priced between INR 5,354 and INR 5,959 per 100 kg, as per the traders. 

TUR prices in Akola were steady at INR 7,500-INR 7,525 per 100 kg, traders said. "Though the rising arrivals of the kharif crop should lower prices, the market is resisting a further fall in prices," they said. Prices have already declined below the minimum support price of INR 7,550 per 100 kg, they said.

Tur demand is expected to rise, as mills are likely to purchase the commodity at INR 6,500 per 100 kg, the India Pulses and Grains Association said in its weekly report Monday. While demand could revive at lower rates, farmers are holding back their stock in hope of the government's procurement at the minimum support price, the association said. The procurement activity is likely to support prices, preventing a further drop.

Prices of tur in Kalaburagi jumped up by INR 100 from Thursday to INR 6,100-INR 8,126 per 100 kg, according to the association. Arrivals rose by 699 bags to 4,151 bags (1 bag = 50 kg).

MASUR prices in Indore remained steady at INR 6,000-INR 6,250 per 100 kg, Jain said. Prices are expected to fall once arrivals of the new rabi crop begin, he said. As of Monday, masur acreage in the rabi season declined nearly 2% 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 also remained steady at INR 5,800-INR 6,100 per 100 kg, the association said.  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.