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Informist, Tuesday, Mar. 18, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur rose, while prices of moong were steady in key spot markets across the country, traders said. Prices of chana and tur were supported by a temporary rise in demand ahead of the market closure at the end of the financial year, and due to the government's procurement activities, they said. Prices of moong are expected to be steady in the short term, they said.

CHANA prices in Akola, Maharashtra, rose by INR 50 from Monday to INR 5,500-INR 5,525 per 100 kg, said Ankit Kedia, a local trader. Arrivals were steady at 7,000 bags (1 bag = 50 kg). Demand has temporarily risen ahead of the closure of the market at the end of the month, he said. "The markets in the state will be closed during the last five days of the month, as the financial year draws to an end and everyone gets busy paying off dues and maintaining their accounts," he said.

Prices were also supported by the government's procurement activities, Kedia said. The National Agricultural Cooperative Marketing Federation aims to buy 2.2 million tonnes of chana during the rabi season under the price support scheme. The federation will procure chana from Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Karnataka, Chhattisgarh, Andhra Pradesh, Telangana, and Haryana. NAFED will purchase chana at the minimum support price of INR 5,650 per 100 kg.

However, the rise in prices could be limited due to high arrivals of the rabi crop, said Kailash Kakani, a local trader. Prices are likely to fall further by INR 100-INR 200 per 100 kg in the short term under the pressure of arrivals, he said. Prices of chana in Indore, Madhya Pradesh, rose by INR 25 from Monday to INR 5,600-INR 5,675 per 100 kg, he said.

TUR prices in Akola rose by INR 100 from Monday to INR 7,575-INR 7,600 per 100 kg, Kedia said. Arrivals rose by 500 bags to 3,500 bags (1 bag = 50 kg). Similar to chana, demand for tur has risen has buyers stock up on the legume ahead of the financial year-end closure of the market, he said. 

Prices are also supported by procurement of tur by the government, especially in Karnataka, Kedia said. Farmers in the state who are close to the Karntaka border are selling their produce to the Karnataka government due to the bonus of INR 450 over and above the minimum support price of INR 7,550 per 100 kg, taking the total procurement price to INR 8,000 per 100 kg. 

NAFED procured 90,420.77 tonnes of tur for the 2024 kharif season under the price support scheme as of Thursday. In Karnataka, NAFED has purchased 32,989.68 tonnes of tur, while it has procured 2,872.08 tonnes in Maharashtra so far. NAFED will purchase tur at the minimum support price of INR 7,550 per 100 kg.

Prices of tur in Kalaburagi in Karnataka fell by INR 77 from Monday to INR 6,123-INR 7,613 per 100 kg, according to the India Pulses and Grains Association. Arrivals fell by 487 bags to 2,670 bags (1 bag = 50 kg).

MOONG prices in Solapur, Maharashtra, were steady at INR 7,200-INR 8,400 per 100 kg, said Mukesh Sanklecha, a local trader. Despite muted market activity, prices of moong are likely to remain steady in the short term. Sowing of the summer moong crop has already begun in various states, and markets will begin recieving some arrivals in another month, 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.  End

Edited by Avishek Dutta

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