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Informist, Thursday, Apr. 17, 2025

By Shreya Shetty

MUMBAI – Prices of chana rose in key spot markets across India on Thursday, while tur and moong remained steady, traders said. The uptick in chana was driven by active bulk buying from stockists, they said. Tur prices held firm due to need-based demand from millers. Meanwhile, moong prices are expected to decline soon as arrivals from the summer crop start picking up, traders added.

CHANA prices in Indore, Madhya Pradesh, rose by INR 50 from Wednesday to INR 6,200-INR 6,250 per 100 kg, said Gaurav Kochar, a local trader. Stockists are actively buying the legume in bulk before prices rise further, he said. "Prices are largely supported due to purchases by stockists' as demand from millers is sluggish," he said.

Chana prices may see some volatility in the short term, largely influenced by the pace of stockists' buying, Kochar said. According to the India Pulses and Grains Association's weekly report, short-term price stability will depend on both government procurement and stockists' demand.

Prices of chana in Delhi also rose by INR 50 from the previous day to INR 5,900 per 100 kg, traders said.

TUR prices in Solapur, Maharashtra, held steady at INR 6,500-INR 7,300 per 100 kg, said Mukesh Sanklecha, a local trader. The Solapur market saw arrival of 20-25 trucks carrying tur (1 truck = 20,000-25,000 kg), he said. Similarly, prices of tur in Katni, Madhya Pradesh, were steady at INR 7,600-INR 7,700 per 100 kg, traders said.

Prices of tur remained steady as they are being supported by some need-based demand from millers, Sanklecha said. "During the summer season, demand for tur is generally low as stockists have already bought what they needed, and the overall consumption of pulses drops," he said. Demand for tur is also subdued as many traders temporarily shift to dealing in mangoes, as they are more profitable during the summer months, he said.

In the medium term, tur prices will depend on demand and the pace of the government's procurement, which has yet to pick up, the association said in its weekly report. The government aims to buy 500,000 tonnes tur from farmers in the 2024-25 kharif marketing season at the minimum support price to boost the depleted buffer, a media report said on Tuesday. As of Apr. 8, the government procured 308,559 tonnes tur, of which the National Agricultural Cooperative Marketing Federation Ltd. procured 202,895 tonnes and the National Cooperative Consumers' Federation of India Ltd. purchased 105,664 tonnes.

MOONG prices in Solapur were steady at INR 7,200-INR 8,400 per 100 kg, according to Sanklecha. Arrivals of the moong summer crop from Andhra Pradesh have begun in small batches, he said. Prices could fall by INR 100-INR 120 per 100 kg in the short term as arrivals increase, he said. 

As of Thursday, the acreage of summer moong rose to 1.1 million hectares from 903,000 hectares a year ago, data released by the agriculture ministry said.

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

Edited by Subhojit Sarkar

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