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Informist, Wednesday, Mar. 19, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur rose while prices of urad remained steady in some key spot markets across India, traders said. Many spot markets were closed Wednesday on the account of Rang Panchami. Chana prices have been on a decline over the last two weeks caused by a high arrival of the rabi crop, they said. Prices of tur were boosted by a temporary surge in demand and the government's procurement efforts, according to traders.

CHANA prices in Kota, Rajasthan, jumped by INR 100-INR 125 from Tuesday to INR 5,300-INR 5,600 per 100 kg, a local trader said. Prices have begun recovering after being on a steep decline previously, he said. Prices have fallen by INR 500-INR 600 in the past few days under pressure of high arrivals of the rabi crop.

Prices could find more support as stockists are expected to begin their bulk purchases soon, he said. However, the increase in prices could be limited as the threat of rising rabi arrivals still remains.

According to the agriculture ministry's second advance estimate released on Mar. 10, chana output in 2024-25 is pegged at 11.5 million tonnes, down from 12.3 million tonnes a year ago, but up from 11 million tonnes shown in the final estimate last year.

TUR prices in Akola, Maharashtra, rose by INR 50 from Tuesday to INR 7,625-INR 7,650 per 100 kg, said Ashok Gupta, a local trader. Arrivals were steady at 3,000 bags (1 bag = 50 kg). Demand has temporarily risen ahead of the closure of the market during the past five days of the month, as the financial year draws to an end and everyone gets busy wrapping up their financial activities, he said. 

Prices were also bolstered by the government's procurement of tur, particularly in Karnataka, Gupta said. Farmers near the Karnataka border are selling their produce to the state government, which offers a bonus of INR 450 above the minimum support price of INR 7,550 per 100 kg, bringing the total procurement price to INR 8,000 per 100 kg.

However, a rise in prices could be limited as arrivals of the kharif crop are yet to slow down, Gupta said. Tur production in Maharashtra rose to 1.19 million tonnes from 890,000 tonnes in the kharif season. The agriculture ministry's second advance estimate has pegged tur production in 2024-25 at 3.5 million tonnes, unchanged from the first estimate.

URAD prices in Chandausi, Uttar Pradesh, remained steady at INR 7,400-INR 7,425 per 100 kg, according to the India Pulses and Grains Association. 

Prices of urad are likely to remain range-bound in the near term, the association said in its weekly report on Monday. Minor fluctuations of INR 100-INR 200 per 100 kg, if any, are possible in the coming days, the association said.

Imports of urad are likely to continue as the government extended duty-free imports of the commodity for another year till Mar. 31, 2026. Ongoing arrivals of the rabi crop in southern markets and progress in sowing will limit any price increase, the pulses body said. Future price movements will depend on import supplies, it added.  End

Edited by Subhojit Sarkar

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