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Informist, Tuesday, Feb. 11, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur fell while those of masur were steady in key spot markets of the country on Tuesday, traders said. Prices of chana fell due to pressure from rising arrivals of the rabi crop, while tur prices corrected after rising sharply on demand from stockists, they further said.

CHANA prices in Akola, Maharashtra, fell by INR 50 from Monday to INR 7,600-INR 7,625 per 100 kg, Ankit Kedia, a local trader said. Arrivals rose by 800 bags to 4,000 bags (1 bag = 50 kg). Prices are being weighed down by arrivals of the new rabi crop, he said. "Prices had risen in the past few days as demand for the newly arrived crop increased, but as arrivals have risen, prices have resumed their downtrend," Kedia added.

Prices could fall further as the pressure from rising rabi arrivals increases, Kedia further said. Though there could be some relief from need-based buying ahead of Ramadan and Holi, it will not be substantial enough to prevent the downtrend, he said. Ramadan is from Feb. 28 to Mar. 29 and Holi is on Mar. 14.

Prices of chana in Indore, Madhya Pradesh, were steady at INR 6,150-INR 6,200 per 100 kg, traders said. In Kalaburagi, Karnataka, arrivals of the new chana fell by 125 bags to 464 bags, with prices ranging between INR 6,050 and INR 6,319, according to the India Pulses and Grains Association.

TUR prices in Akola fell by INR 75 to INR 7,600-INR 7,625 per 100 kg, Kedia said. Arrivals were steady at 8,000 bags (1 bag = 50 kg). Prices are correcting after a steep rise in the past few days, he said. "The market got too excited as stockists began their purchases. Prices should not have risen by INR 100-INR 150 every day, so they are correcting now," he said.

While demand from stockists continues, the same from mills is expected to be muted, Kedia said, adding that, "the profit margin for millers is low, so they might not make purchases till prices fall further". However, purchases by stockists are likely to keep prices range bound at INR 7,500-INR 7,800 for the rest of the month, he said.

Prices of tur in Kalaburagi fell by INR 393 from Monday to INR 6,289-INR 7,889 per 100 kg, according to the association. Arrivals fell by 1,347 bags to 2,931 bags (1 bag = 50 kg).

MASUR prices in Indore were steady at INR 6,100-INR 6,200 per 100 kg, local trader Raja Jain said. Prices are expected to fall once arrivals of the new rabi crop begin after 15 days, Jain added. However, after the initial fall, demand is expected to rise, pushing prices up, he further said.

As of Friday, masur acreage in the current rabi season remained unchanged 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 5,500 per 100 kg. Prices of the choti variety also remained steady at INR 5,700-INR 6,100 per 100 kg, the association said.  End

Edited by Nishant Maher

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