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Informist, Friday, Feb. 28, 2025

By Shreya Shetty

MUMBAI – Prices of all pulses were unchanged in key spot markets across the country, traders said. Prices of chana and masur are seen falling further on rising arrivals of the rabi crop, they said. Prices of tur could be range-bound amid low mill purchases, fluctuating demand from stockists, and sluggish government procurement, they said.

CHANA prices in Indore, Madhya Pradesh, were steady at INR 5,750-INR 5,850 per 100 kg, said Raja Jain, a local trader. Prices are steady in the lower range owing to a slight rise in demand amid rising arrivals of the rabi crop, he said. "Arrivals of rabi chana are plentiful in Maharashtra and Karnataka," he said. Arrivals in the Madhya Pradesh markets are expected to begin in full swing after mid-March, he added.

The market is currently awaiting the government's decision on whether to continue to allow duty-free imports of yellow peas. As things stand, the policy permitting duty-free import of yellow peas expires Friday. "Chana prices will find much-needed support if the government imposes duty on yellow pea imports," Jain said. The government had removed the 50% import duty on yellow peas in December 2023. Imports of yellow peas in Apr-Nov stood at 1.57 million tonnes, the highest among imports of all pulses, according to data from the Ministry of Commerce and Industry.

Prices of chana in Solapur, Maharashtra, were steady at INR 5,300-INR 5,500 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Akola, Maharashtra, were steady at INR 7,500-INR 7,525 per 100 kg, said Ashok Gupta, a local trader. Arrivals were steady at 5,000 bags (1 bag = 50 kg). Prices have been volatile amid low miller purchases, fluctuating demand from stockists, and slow procurement of the legume by the government, he said. Currently, prices are steady due to some bulk purchases by stockists, he said.

Prices are expected to be range-bound in the near term unless the government starts procuring tur actively, Gupta said. "Procurement of tur is slow in Maharashtra for two reasons," he said. When prices rise above the minimum support price of INR 7,550 per 100 kg, farmers are not too keen to sell to the government. If prices fall below the minimum support level, the government is not quick enough to buy from farmers.

Prices of tur in Kalaburagi in Karnataka were steady at INR 6,323-INR 8,002 per 100 kg, according to the association, with arrivals of 4,652 bags (1 bag = 50 kg).

MASUR prices in Vidisha, Madhya Pradesh, were steady at INR 6,100-INR 6,150 per 100 kg, said Dinesh Mangal, a local trader. Demand is on a par with supply, with mills buying only to meet consumption needs, he said. While the market has begun receiving small amounts of the new rabi masur, arrivals will begin in full swing only after 15 days, he said. "Prices could fall under arrival pressure then," he said.

Prices of the moti variety of masur were steady at Lalitpur in Uttar Pradesh at INR 5,000-INR 5,400 per 100 kg. Prices of the choti variety were also steady at INR 5,500-INR 5,800 per 100 kg, the association said.  End

Edited by Rajeev Pai

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