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Informist, Thursday, Mar. 20, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur rose Thursday, while those of masur were steady in key spot markets across the country, traders said. Prices of chana rose due to demand for Ramadan and a temporary slowdown in arrivals of the crop ahead of the festival period, they said. Prices of tur were supported by a temporary rise in demand before the market closure at the end of the financial year, and due to the government's procurement activities, traders said. Prices of masur are expected to rise in the short term, they added.

CHANA prices in Ashok Nagar, Madhya Pradesh, rose by INR 100 from Wednesday to INR 5,550 per 100 kg, said Gaurav Kochar, a local trader. Prices are supported by renewed demand for Ramadan before it wraps up at the end of the month.

Prices have also risen due to a temporary slowdown in arrivals of the new rabi crop, Kochar said. "Arrivals are slowing down ahead of festivities at the end of March and the end of the financial year," he said. Gudi Padwa and Ugadi will take place on Mar. 30, while Gauri Pooja will take place on Mar. 31, keeping market activities subdued, he said. There will also be less business in general as everyone gets busy paying off dues and maintaining their accounts, the trader added.

Prices could also be supported by the government's procurement activities. The Centre is likely to approve the procurement of an additional 546,000 tonnes of chana from Rajasthan, on top of the already sanctioned 2.16 million tonnes for crop year 2024-25 (Jul-Jun), as it looks to replenish its depleted buffer stocks, a government official told Informist on Thursday. The legume will be purchased at the minimum support price of INR 5,650 per 100 kg.

Prices of chana in Delhi rose by INR 50 from Wednesday to INR 5,600 per 100 kg, traders said.

TUR prices in Akola, Maharashtra, rose by INR 50 from Wednesday to INR 7,675-INR 7,700 per 100 kg, said Ankit Kedia, a local trader. Arrivals rose by 1,000 bags to 4,000 bags (1 bag = 50 kg). Demand for tur has risen as buyers are stocking up 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, Kedia said. The National Agricultural Cooperative Marketing Federation procured 90,420.77 tonnes of tur for the 2024 kharif season under the price support scheme as of Thursday. In Karnataka, the federation has purchased 32,989.68 tonnes of tur, while it has procured 2,872.08 tonnes in Maharashtra so far. The tur was bought at the minimum support price of INR 7,550 per 100 kg.

Prices of tur in Katni, Madhya Pradesh, were steady at INR 7,700-INR 7,800 per 100 kg, according to the India Pulses and Grains Association.

MASUR prices in Ashok Nagar were steady at INR 5,800-INR 6,000 per 100 kg, Kochar said. Prices are expected to rise in the short term as arrivals are likely to slow down ahead of the festivals, he said. Prices could also be supported by the government's procurement activities, he added.

The government has approved the procurement of 940,548 tonnes of masur for the season, which is yet to begin. NAFED will purchase masur from Chattisgarh, Madhya Pradesh, Haryana, and Uttar Pradesh at the minimum support price of INR 6,700 per 100 kg.

Prices of the moti variety of masur at Lalitpur, Uttar Pradesh, were steady at INR 5,600-INR 5,900 per 100 kg. Prices of the choti variety in Lalitpur were also steady at INR 5,900-INR 6,200 per 100 kg, according to the association.  End

Edited by Tanima Banerjee

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