More Stories

Informist, Friday, Apr. 11, 2025

By Shreya Shetty

MUMBAI – Prices of tur rose on Friday, while prices of chana and masur were steady in key spot markets across the country, traders said. Prices of chana are steady amid firm demand from stockists and ongoing arrivals of the rabi crop, they said. Prices of tur rose due to rise in need-based demand from millers, they said. Prices of masur are finding support from the government's procurement, they said.

CHANA prices in Indore, Madhya Pradesh, were steady at INR 6,125-INR 6,150 per 100 kg, said Raja Jain, a local trader. Prices are steady amid firm demand from stockists and ongoing arrivals of the rabi crop, he said. While arrivals have not begun in full swing after the market reopened following closure during the financial year-end, they are slowly increasing, he said.

Prices are expected to fluctuate by INR 100-INR 150 per 100 kg rest of the month, Jain said. "Once stockists begin their purchases, they do not stop until they have filled up their inventory sufficiently," he said. On the other hand, prices could come under pressure on days the arrivals rise substantially, he added. Prices of chana in Delhi rose by INR 25 from Thursday to INR 5,825-INR 5,850 per 100 kg, traders said.

TUR prices in Akola, Maharashtra, rose by INR 100 from Thursday to INR 7,725-INR 7,750 per 100 kg, said Ashok Gupta, a local trader. Arrivals were steady at 2,200 bags (1 bag = 50 kg). Prices are supported by a rise in need-based demand from millers, he said.

Prices could remain range-bound in the short term, Gupta said. While seasonally low demand for tur could put pressure on prices, the occasional rise in need-based demand is expected to keep prices from dropping too much, he said. Prices could also be weighed down as some tur traders in the state have shifted to dealing in mangoes during the summer season for more profitability, he said.

Prices of tur in Kalaburagi, Karnataka, rose by INR 100 from Wednesday to INR 6,100-INR 7,516 per 100 kg, according to the India Pulses and Grains Association. The market was shut on Thursday for Mahavir Jayanti. Arrivals rose by 1,634 bags to 7,688 bags (1 bag = 50 kg).

MASUR prices in Indore were steady at INR 6,100-INR 6,160 per 100 kg, Jain said. The government's procurement is keeping prices from falling under the pressure of steady arrivals of the rabi crop, he said. The government is purchasing the legume at the minimum support price of INR 6,700 per 100 kg, which is higher than the prices being offered in spot markets. Thus, more farmers are selling their produce to the government, he said.

The government has approved procurement of 940,548 tonnes of masur for the season. The National Agricultural Cooperative Marketing Federation will purchase masur from Chhattisgarh, Madhya Pradesh, Haryana, and Uttar Pradesh.

Prices of the moti variety of masur in Bareilly, Uttar Pradesh, were steady at INR 6,575 per 100 kg, the association said. Prices of the choti variety of masur in Bareilly were also steady at INR 6,900-INR 6,950 per 100 kg.  End

Edited by Nishant Maher

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.