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Informist, Tuesday, Apr. 22, 2025

By Shreya Shetty

MUMBAI – Prices of chana and moong fell Tuesday, while those of tur were steady in key spot markets across the country, traders said. Prices of chana fell as demand from stockists and millers dropped, they said. Prices of tur were steady, supported by some need-based demand from millers. Prices of moong fell due to arrivals of the summer crop, they said.

CHANA prices in Indore, Madhya Pradesh, fell by INR 100 from Monday to INR 6,000 per 100 kg, said Kailash Kakani, a local trader. Demand from stockists has dropped as they find the higher prices unappealing, he said. Demand from millers is also muted as they have already stocked up enough of the legume for the near term, he said. Prices are also weighed down by the steady arrivals of the rabi crop in the market, he said.

Meanwhile, the government's procurement is progressing at a sluggish rate, as farmers are more keen on selling their produce in the spot market, Kakani said. Spot market rates are higher than the minimum support price of INR 5,650 per 100 kg being offered by the government. 

The National Agricultural Cooperative Marketing Federation of India procured 10,385 tonnes of chana as of Sunday, 0.38% of the 2.7 million tonnes it aims to buy during the 2024-25 rabi season under the price support scheme, according to data provided by the federation.

Prices of chana in Delhi fell by INR 50 from the previous day to INR 5,800 per 100 kg, traders said.

TUR prices in Solapur, Maharashtra, were steady at INR 6,500-INR 7,200 per 100 kg, said Mukesh Sanklecha, a local trader. Some 15 to 20 trucks, with each truck carrying 20,000-25,000 kg, came into the market, he said. Prices are steady in the lower range, supported by some need-based demand from millers, he said.

Traders expect demand for tur to rise after May 1, when the wedding season kicks off in full swing, Sanklecha said. However, he does not expect a steep rise in prices. "Prices could correct by INR 100-INR 200 per 100 kg, but that's the extent of it," he said.

Prices of tur in Kalaburagi, Karnataka, were steady at INR 6,009-INR 7,202 per 100 kg, according to the India Pulses and Grains Association. Arrivals fell by 1,239 bags to 5,179 bags (1 bag = 50 kg).

MOONG prices in Solapur fell by INR 100-INR 200 from Monday to INR 7,100-INR 8,200 per 100 kg, Sanklecha said. Prices are weighed down by arrivals of the summer moong crop from Andhra Pradesh, he said. Small batches of arrivals from Maharashtra have also begun, he said. Prices could remain under pressure in the short term because of the arrivals, he said.

As of Friday, the acreage of summer moong was up at 1.37 million hectares from 1.10 million 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, with arrivals also steady at 100 bags (1 bag = 50 kg).  End

Edited by Ashish Shirke

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