More Stories

Informist, Thursday, Feb. 13, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur fell on Thursday and prices of moong were steady in key spot markets across the country, traders said. Prices of chana fell amid sluggish demand, but could find support in the short term as the government is likely to end duty-free imports of yellow peas, they said. Prices of tur were down and are seen volatile for the next few days due to high kharif arrivals and active purchases by stockists, they said.

CHANA prices in Indore, Madhya Pradesh, fell by INR 50 from Wednesday to INR 6,150 per 100 kg, Raja Jain, a local trader said. Prices were weighed down by a sluggish market, as the slight rise in demand due to Ramadan, from Feb. 28 to Mar. 29, has ended, he said.

Prices were also weighed down by the availability of yellow peas, a cheaper alternative to chana. Yellow peas are the cheapest pulse in the country, priced between INR 3,650 and INR 3,950 per 100 kg. Imports of yellow peas in Apr-Nov stood at 1.57 million tonnes, the highest among all pulses imports, according to data from the Minister of Commerce and Industry.

However, the government is set to stop the duty-free imports of yellow peas, Food Minister Pralhad Joshi said Thursday on the sidelines of the Pulses Conclave 2025 in Delhi, an event organised by the India Pulses and Grains Association. "If the notice of reimposition of duty on yellow peas comes soon, prices of chana could be supported in the short term due to positive market sentiment," Jain said.

Prices of chana in Bikaner, Rajasthan, fell by INR 100 from Wednesday to INR 5,500 per 100 kg, traders said.

TUR prices in Akola, Maharashtra, fell by INR 100-INR 150 from Wednesday to INR 7,000-INR 7,500 per 100 kg, Ashok Gupta, a local trader said. Prices have been volatile since last week, and could continue being so for the next few days, he said. "Prices could fluctuate by INR 100-INR 200 per 100 kg every two-three days amid high kharif arrivals and active stockist purchases," he said.

In the medium term, prices could rise as arrivals of the kharif crop slow down, Gupta said. Prices could also be supported as the government begins procuring tur in Maharashtra and Karnataka, he said. The state government of Karnataka has announced a bonus of INR 450, over and above the minimum support price, taking the total procurement price to INR 8,000 per 100 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. Prices of moong in Lalitpur, Uttar Pradesh, were steady at INR 6,000-INR 7,000 per 100 kg, the association said.

The National Agricultural Cooperative Marketing Federation of India procured 176,502.29 tonnes of moong as of Monday, 52.8% of the total 334,416 tonnes sanctioned by the Centre under the price support scheme, according to data provided by the federation.  End

Edited by Ashish Shirke

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.