More Stories

Informist, Tuesday, Feb. 4, 2025

By Shreya Shetty

MUMBAI – Prices of pulses remained mixed in key spot markets across India Tuesday, traders said. Chana prices increased temporarily due to higher demand but are expected to fall as the rabi harvest progresses, they said. Tur prices declined with the arrival of the kharif crop while moong prices remained steady, they said.

CHANA prices in Indore, Madhya Pradesh, rose by INR 50 from Monday to INR 6,150-INR 6,200 per 100 kg, Kailash Kakani, a local trader, said. Prices have risen slightly after a continuous downtrend. "Demand for old chana has risen temporarily as its stocks run out ahead of the arrival of the new rabi crop," he said.

However, prices are seen falling again as arrivals of the fresh rabi crop increase, Kakani said. Prices are seen falling below the minimum support price of INR 5,650 per 100 kg in the next few weeks, he said. As of Friday, the acreage of chana in the ongoing rabi season was 9.86 million hectares, up 2.8% from a year ago, according to data from the Department of Agriculture and Farmers' Welfare.

The Akola market in Maharashtra received 700 bags (1 bag = 50 kg) of the new rabi arrivals, priced between INR 5,800 and INR 6,365 per 100 kg, according to the India Pulses and Grains Association. The Kalaburagi market in Karnataka received 275 bags of the new chana, priced between INR 5,785 and INR 6,036 per 100 kg, according to the association.

TUR prices at Solapur in Maharashtra fell by INR 100 from Monday to INR 6,500-INR 7,300 per 100 kg, local trader Rahul Srinivas said. The market received 20–25 trucks of arrivals, he said. According to Srinivas, prices are weighed down by the rising arrivals of the kharif crop.

Prices have already dipped below the minimum support price of INR 7,550 per 100 kg and are likely to fall further by INR 200-INR 300 per 100 kg in the next few weeks, Srinivas said. Prices could be supported once the government begins its procurement at the minimum support price, 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 added.

In Kalaburagi, tur prices declined by INR 259 from Monday to INR 6,100-INR 7,926 per 100 kg, according to the association. Arrivals fell by 731 bags to 2,816 bag (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 decreased and the market could face a shortage soon, he said. The quality of moong is good, which could support prices. Prices of the legume are likely to rise by INR 500-INR 600 per 100 kg, Veerkumar said.

Prices of moong in Lalitpur, Uttar Pradesh, were steady at INR 6,000-INR 7,000 per 100 kg, according to the association.  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.