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Informist, Tuesday, Apr. 1, 2025

By Shreya Shetty

MUMBAI – Prices of chana and tur increased in most key spot markets across India while moong prices remained stable, traders said. The rise in chana and tur prices was attributed to a shortage of arrivals, as many markets were closed. Most markets were shut from Friday to Tuesday due to the financial year-end, with participants focused on settling their finances. According to traders, the price trends for both the legumes will become clearer once the markets re-open on Wednesday.

CHANA prices in Akola, Maharashtra, rose by INR 50 from Monday to INR 5,925-INR 5,950 per 100 kg, said Ankit Kedia, a local trader. Lack of arrivals in the market is supporting prices, he said. There have been no arrivals, as most of the spot markets have been shut since Friday due to the financial year-end, and will only open on Wednesday, he said.

"The price trend can only be determined once the markets open up fully tomorrow (Wednesday)," Kedia said. It is uncertain in which way the prices could trend. Prices could rise next week due to a rise in household demand, tracking the rise in wheat prices. However, since arrivals of the rabi crop are also seen rising, prices could also fall, but the drop could be limited to INR 100-INR 200 per 100 kg, he said.

Prices of chana in Indore, Madhya Pradesh, rose by INR 50 from Monday to INR 5,900-INR 5,950 per 100 kg, according to the India Pulses and Grains Association. 

TUR prices in Akola rose by INR 50 from Monday to INR 7,775-INR 7,800 per 100 kg, Kedia said. Prices were supported by a slight rise in demand amid no arrivals, he said. The price trend in the short term will depend on whether farmers are willing to sell their produce, he said. "Farmers are also contributing to the lack in arrivals as they are holding back stocks, unwilling to sell at lower rates," Kedia added. 

In the short term, prices of tur could be supported by the government's procurement activities, traders said. The government has procured 246,000 tonnes of tur from Andhra Pradesh, Gujarat, Karnataka, Maharashtra, and Telangana as of Mar. 25, according to a release by the Ministry of Agriculture & Farmers' Welfare on Thursday. 

On other hand, prices of tur in Kalaburagi, Karnataka, fell by INR 200 from Friday to INR 6,060-INR 7,663 per 100 kg, the association said. Arrivals rose by 3,370 bags from Friday to 6,116 bags (1 bag = 50 kg). The market was closed from Saturday to Monday.

MOONG prices in Solapur, Maharshtra, were steady at INR 7,200-INR 8,400 per 100 kg, said Mukesh Sanklecha, a local trader. Though arrivals of the legume have slowed down, demand is also muted, keeping prices steady, he said. The markets will begin receiving arrivals of the summer moong crop next month, and prices are expected to fall under arrival pressure before picking up due to renewed demand, he said.

Prices of moong in Lalitpur, Uttar Pradesh, remained steady at INR 6,500-INR 7,200 per 100 kg, according to the association.  End

Edited by Subhojit Sarkar

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