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Informist, Thursday, Feb. 20, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell while those of tur and moong were steady in key spot markets across the country, traders said. Prices of chana were weighed down by sluggish demand and rising arrivals of the rabi crop, they said. Prices of tur are seen rangebound in the near term amid low miller demand, stockist purchases, and government procurement, while prices of moong could rise once arrivals slow down, they said.

CHANA prices in Kota, Rajasthan, fell by INR 50 from Wednesday to INR 5,500 per 100 kg, a local trader said. Demand for domestic chana is sluggish as millers have stocks of Australian imports, he said. Once mills run out of the Australian stock, demand could rise again, he said.

Prices are also weighed down by rising arrivals of the rabi crop, he said. Small arrivals of the rabi crop have begun in Madhya Pradesh, while arrivals are in full swing in Maharashtra and Karnataka. The quality of new arrivals is good, he said.

The Gujarat government will begin procuring chana at the minimum support price of INR 5,650 per 100 kg from Mar. 14, making it the second state to announce procurement measures after Karnataka. On Jan. 28, the Karnataka government had approved the procurement of 96,498 tonnes of rabi chana under the price support scheme. 

Similarly, prices of chana in Indore, Madhya Pradesh, fell by INR 50 from Wednesday to INR 6,000 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Solapur, Maharashtra, were steady at INR 6,500-INR 7,500 per 100 kg, Rahul Srinivas, a local trader, said. "Prices are steady due to some stockist purchases amid low demand from millers," he said. Prices are seen rangebound in the short term, supported by the government's procurement in Maharashtra and Karnataka. Once arrivals of the kharif tur slow down by April, prices could rise again, Srinivas said.

As of Monday, the National Agricultural Cooperative Marketing Federation of India had purchased 2,101.65 tonnes of tur, out of the 306,150 tonnes approved by the government for procurement in Karnataka, according to data from the federation. NAFED has procured 2.75 tonnes of tur in Maharashtra so far.

On the other hand, prices of tur in Kalabuargi, Karnataka, rose by INR 100 from Wednesday to INR 6,456-INR 8,155 per 100 kg, according to the association. Arrivals rose by 753 bags to 4,628 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 decline, 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. 

NAFED has 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 Rajeev Pai

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