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Informist, Tuesday, Feb. 18, 2025

By Shreya Shetty

MUMBAI – Prices of pulses were mixed in key spot markets across the country, traders said. Prices of chana fell under the pressure of rising arrivals of the rabi crop, they said. While prices of tur were supported by stockists' purchases, theyare seen voatile in the near term, they said. Prices of moong were steady.

CHANA prices in Akola, Maharashtra, fell by INR 50 from Monday to INR 5,850-INR 5,875 per 100 kg, said Ankit Kedia, a local trader. Arrivals were steady at 10,000 bags (1 bag = 50 kg). Prices are under pressure due to rising arrivals of the new rabi chana, he said. 

Prices are expected to be on a downtrend, falling by INR 100-INR 200 till March, Kedia said. "Demand from mills may slowly rise in March, as they are expected to finish up processing their stocks of Australian chana by then," he said. Previously, chana prices had been weighed down by the availalability of cheaper, good quality imports from Australia.

The Gujarat government will begin procuring chickpeas, or chana, at the minimum support price of INR 5,650 per 100 kg from farmers from Mar. 14, according to a notification. Gujarat will be the second state after Karnataka to announce procurement of chana. On Jan. 28, the Karnataka government approved the procurement of 96,498 tonnes of rabi 2024-25 chana under the price support scheme. 

Prices of chana in Indore, Madhya Pradesh, were steady at INR 6,150 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Akola rose by INR 7,750-INR 7,800 per 100 kg, Kedia said. Arrivals were steady at 8,000 bags (1 bag = 50 kg). Prices were supported by stockists' purchases, he said.

Prices are expected to be volatile in the next few weeks, or until arrivals of the kharif crop slow down, but they are not seen dipping below INR 7,400-INR 7,500 per 100 kg, Kedia said. On the government's slow tur procurement activity in the state, Kedia said farmers were not willing to sell to the government at the minimum support price of INR 7,550 per 100 kg as they were getting higher prices for their produce in the spot market. 

Prices of tur in Kalaburagi in Karnataka rose by INR 244 from Monday to INR 6,300-INR 8,189 per 100 kg, according to the association. Arrivals fell by 415 bags to 3,533 bags (1 bag = 50 kg). 

MOONG prices in Kalaburagi were steady at INR 7,000-INR 8,000 per 100 kg, said Veerkumar Kadkol, a local trader. Prices could rise in a few weeks as arrivals of the kharif crop have declined, and the market could face a shortage 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. 

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 Avishek Dutta

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