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Informist, Monday, Feb. 24, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across the country due to pressure from rising arrivals of the rabi crop, traders said. Prices of tur also fell due to lower purchases by stockists, they said. Prices of moong were steady, they said.

CHANA prices in Akola, Maharashtra, fell by INR 50 from Friday to INR 5,725-INR 5,750 per 100 kg, Ankit Kedia, a local trader said. The market received 20,000 bags (1 bag = 50 kg) of arrivals, he said. "Prices are weighed down by a wave of high arrivals of the rabi crop in the market," he said. 

In the past few days, the market has received 10,000-15,000 bags everyday, Kedia said. "Chana harvest in Maharashtra began earlier this year, so the market is receiving arrivals in full swing currently," he said. Prices are expected to fall further by INR 100-INR 150 this week, 

Prices are also down due to low demand for the domestic stock, Kedia said. "Millers have already stocked up on plenty of Australian imports, so it will be a while before they begin purchasing the domestic crop, he said.

Prices of chana in Indore, Madhya Pradesh, were steady at INR 5,800-INR 5,850 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Akola fell by INR 50 from Friday to INR 7,650-INR 7,675 per 100 kg, Kedia said. Arrivals in the market fell by 3,000 bags to 5,000 bags (1 bag = 50 kg). Prices have fallen due to low purchases from stockists, he said. "Prices fluctuate according to how much stockists are buying on that particular day," he said. There is no demand from mills, so prices are only supported by stockists' purchases, he said.

Prices were initially supported by the government's procurement activities, Kedia said. However, since the spot market prices are above the minimum support price of INR 7,550 per 100 kg, farmers are not keen on selling their produce to the government, he said. 

The National Agricultural Cooperative Marketing Federation of India has procured 84.25 tonnes of tur in Maharashtra as of Sunday, according to data released by the federation.

Prices of tur in Kalabuargi, Karnataka, rose by INR 240 from Friday to INR 6,251-INR 8,021 per 100 kg, according to the association. Arrivals rose by 1,256 bags to 4,628 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi, Karnataka, were steady at INR 7,000-INR 8,000 per 100 kg, said Veerkumar Kadkol, a local trader said. 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 Sunday, 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 Deepshikha Bhardwaj

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