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Informist, Monday, Apr. 21, 2025

By Shreya Shetty

MUMBAI – Prices of all the pulses were steady in key spot markets of the country on Monday, traders said. Prices of chana were steady on some demand from stockists but most are keeping away and waiting for prices to fall, traders said. Prices of tur were steady due to lack of fresh cues, while prices of masur were supported by the government's procurement, they said.

In Delhi, CHANA prices were steady at INR 5,800-INR 5,825 per 100 kg, said Gaurav Kochar, a local trader. Some demand from stockists is supporting prices, but not many them are active as they prefer lower prices, so their purchases are bound to be limited throughout the week unless prices fall, he said. As such, prices could remain range-bound in the short term, he said.

With the India Meteorological Department forecasting an above-normal southwest monsoon, experts and traders see food grain output rising in 2025-26 (Jul-Jun) and help to curb pulses imports. However, the extent of rise in crop output will largely depend on the timeliness and distribution of rainfall, they said.

On Tuesday, the IMD projected an above normal southwest monsoon this year as it expects neutral El Nino conditions to prevail throughout the season. The weather bureau said the overall rainfall during Jun-Sept is likely to be 105% of the long-period average.

Prices of chana in Jaipur, Rajasthan, were down by INR 50 from Friday to INR 5,800 per 100 kg, traders said.

TUR prices in Akola, Maharashtra, were steady at INR 7,375-INR 7,400 per 100 kg, traders said. Arrivals were up by 500 bags at 3,000 bags (1 bag = 50 kg). Prices are steady due to the lack of any cues, they said. Prices could have fallen due to a seasonally low demand for the legume, but are supported by some need-based demand from millers, they said.

Prices are seen fluctuating by INR 100-INR 150 per 100 kg in the short term, they said. Currently, any rise in prices is limited due to the steady arrivals of the kharif crop. While arrivals have dropped on-month, they are still higher on-year, they said, especially in Maharashtra. Maharashtra's tur output is pegged at 1.26 million tonnes, up from 890,000 tonnes a year ago, according to the second advance estimates released by the agriculture ministry.

Prices of tur in Katni, Madhya Pradesh, were also steady at INR 7,550-INR 7,650 per 100 kg, according to the India Pulses and Grains Association.

MASUR prices in Ashok Nagar, Madhya Pradesh, were steady at INR 5,800-INR 6,050 per 100 kg, Kochar said. Prices are supported by the government's procurement, he said. Since the government is purchasing the legume at the minimum support price of INR 6,700 per 100 kg, which is higher than the rates being offered in spot markets, more farmers are selling their produce to the government, he said. Prices could remain steady in the near term, he said.

Prices of the moti variety of masur in Bareilly, Uttar Pradesh, were steady at INR 6,525 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 Ashish Shirke

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