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Informist, Monday, Feb. 10, 2025

By Shreya Shetty

MUMBAI – Prices of tur and chana rose in key spot markets across the country on Monday, while prices of moong were steady, traders said. Prices of tur were supported by demand from stockists and mills, they said. Prices of chana rose due to seasonal demand ahead of the first wave of festivals of the year, they said.

TUR prices in Solapur, Maharashtra, rose by INR 150-INR 200 to INR 6,500-INR 7,525 per 100 kg, local trader Mukesh Sanklecha said, adding that 60-65 trucks came into the market, he said. "Stockists are actively purchasing to build up inventory," he said. Demand from mills has also risen as they are purchasing for processing needs, he said.

Karnataka government's scheduled procurement is also supporting prices, Sanklecha said. The state government has announced a bonus of INR 450, over and above the minimum support price of INR 7,550 per 100 kg, taking the total procurement price to INR 8,000 per 100 kg. "The state agencies in Karnataka are expected to begin the procurement on Saturday," he said.

Prices are expected to rise by INR 100-INR 150 in the short term, and then remain rangebound till the kharif crop arrivals slow down. In the medium term, prices are expected to rise again, he said.

Prices of tur at Kalaburagi in Karnataka rose by INR 100-INR 150 from Friday to INR 6,258-INR 8,313 per 100 kg, according to the India Pulses and Grains Association. Arrivals rose by 1,491 bags to 4,278 bags (1 bag = 50 kg).

CHANA prices in Indore, Madhya Pradesh, rose by INR 100-INR 150 from Friday to INR 6,250-INR 6,300 per 100 kg, Kailash Kakani, a local trader, said. Prices are supported by seasonal rise in demand ahead of Ramadan, which is from Feb. 28 to Mar. 29, and Holi on Mar. 14, he said.

Prices are expected to stay range-bound for the next 10-15 days, Kakani said. In the first week of March, prices could face pressure as arrivals of the new rabi crop begin in full swing, he said. Currently, there are no new arrivals in the Indore market, but they have begun in Maharashtra and Karnataka.

Prices of the new rabi chana in Akola, Maharashtra, rose by INR 50 to INR 6,200-INR 6,225 per 100 kg, according to the association, with arrivals pegged at 3,200 bags (1 bag = 50 kg), traders said. In the Kalaburagi market, arrivals of the new chana rose by 456 bags to 589 bags, with prices ranging between INR 5,889 and INR 6,266, according to the association.

MOONG prices in Solapur were steady at INR 7,200-INR 8,400 per 100 kg, Sanklecha said. Though demand for moong is muted, supply of the pulse has also fallen, he said. With demand on par with the supply, prices are stable, he said. Demand is not expected to rise anytime soon, he said.

Prices of moong in Lalitpur, Uttar Pradesh, were steady at INR 6,500-INR 7,200 per 100 kg, according to the association. Arrivals were steady at 100 bags (1 bag = 50 kg).  End

Edited by Ashish Shirke

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