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Informist, Friday, Mar. 21, 2025

By Shreya Shetty

MUMBAI – Prices of chana rose, while those of tur and masur were steady in key spot markets across the country, traders said. Prices of chana rose due to lower arrivals of the rabi crop as the market prepares to shut at the end of the month, with the finacial year drawing to a close, they said. Prices of tur and masur could be supported in the short term due to the government's procurement activities, they said. 

CHANA prices in Ashok Nagar, Madhya Pradesh, rose by INR 100 from Thursday to INR 5,650 per 100 kg, said Gaurav Kochar, a local trader. Arrivals of the rabi crop have slowed down as the market prepares to shut at the end of the month, he said. Many spot markets across the country will be closed from Mar. 28 to Apr. 1 as the financial year draws to a close and everybody will be busy with book-keeping and paying off dues, he said.

Prices also rose due to demand for Ramadan before it wraps up at the end of the month, Kochar said. Additionally, prices were 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 25 from Thursday to INR 5,550-INR 5,575 per 100 kg, traders said.

TUR prices in Solapur, Maharashtra, were steady at INR 6,500-INR 7,400 per 100 kg, said Rahul Srinivas, a local trader. The market received 35-40 trucks (1 truck = 20,000-25,000 kg) of arrivals, he said. Prices have stabilised after being on an uptrend for the last three days, he said. Prices had risen as buyers were stocking up on the legume before the closure of the market at the end of the month, he said. 

Prices could be supported by the government's procurement in the short term, but only marginally, Srinvas said. "The government is buying tur, yes, but currently they are more focused on procuring chana, so we cannot guarantee the continuity in tur procurement," he 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 Mar. 13. NAFED has procured 2,872.08 tonnes of tur in Maharashtra so far. The tur was bought at the minimum support price of INR 7,550 per 100 kg.

Prices of tur in Kalaburagi, Karnataka, were steady at INR 6,150-INR 7,709 per 100 kg, according to the India Pulses and Grains Association. Arrivals were steady at 2,670 bags (1 bag = 50 kg).

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 Chhattisgarh, 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 Avishek Dutta

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