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Informist, Monday, Feb. 3, 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 and masur were steady, they said. Prices of tur are likely to be range-bound in the next few weeks amid rising kharif arrivals and a slight rise in demand from mills, they said.

CHANA prices in Akola, Maharashtra, fell by INR 50-INR 100 from Friday to INR 5,975-INR 6,000 per 100 kg, Ankit Kedia, a local trader, said. Prices of domestic chana are weighed down by the availability of cheaper imports from Australia, he said. "The shipments of Australian chana have risen significantly, and buyers prefer it over domestic chana," he said.

"Buyers are also not interested in the new rabi arrivals of chana because they already have good-quality Australian chana in hand," Kedia said. With arrivals of the rabi crop expected to increase, prices are seen falling by another INR 500 per 100 kg in the next few weeks, he said. "Prices will go below the minimum support price of INR 5,650 per 100 kg," he said.

The Akola market received 400 bags (1 bag = 50 kg) of the new rabi arrivals, priced between INR 5,600 per 100 kg and INR 6,350 per 100 kg, according to the India Pulses and Grains Association. The Kalaburagi market in Karnataka received 243 bags of the new chana, priced between INR 5,775 per 100 kg and INR 5,950 per 100 kg, according to the association.

TUR prices in Akola were steady at INR 7,325-INR 7,350 per 100 kg, Kedia said. Arrivals were steady at 7,000 bags (1 bag = 50 kg). Prices, which had been on a downtrend due to rising arrivals of the kharif crop, have now stabilised due to a slight rise in demand, he said. Stocks of old tur in the market are over, and demand from mills for the new kharif tur has risen slightly, he said. Prices are seen range-bound for the next few weeks, he said.

Although the government announced its plan of amping up procurement of tur, urad, and masur in the Union Budget 2025-26 (Apr-Mar), it has had little affect on the spot market, Kedia said. "The government is procuring tur at the minimum support price of INR 7,550 per 100 kg, but if farmers are able to sell their crop at INR 7,100 per 100 kg in the market, they will prefer the latter because it assures direct payment in cash," he said. The government only pays through the bank, and the payment process takes 15–20 days at least, which the farmers do not prefer, he said.

MASUR prices in Ashok Nagar, Madhya Pradesh, were steady at INR 5,500-INR 5,700 per 100 kg, Guarav Kochar, a local trader said. Prices have been unaffected by the government's announcement of procurement, he said. "The market has remained largely unaffected by the news, as the ongoing procurement from the past several years has already been factored into current prices, thereby minimising the impact of the announcement," he said.

Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,200-INR 5,600 per 100 kg. Prices of the choti variety also remained steady at INR 5,700-INR 6,000 per 100 kg, the association said.  End

Edited by Avishek Dutta

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