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Informist, Wednesday, Apr. 23, 2025

By Shreya Shetty

MUMBAI – Prices of chana fell on Wednesday while those of tur and masur were steady in key spot markets across the country, traders said. Prices of chana fell due to low demand from stockists and steady arrivals of the rabi crop, they said. Prices of tur were steady due to lack of any new cues and prices of masur were steady as demand matched supply, they added.

CHANA prices in Indore, Madhya Pradesh, fell by INR 50 from Tuesday to INR 6,050-INR 6,100 per 100 kg, said Dinesh Mangal, a local trader. Stockists have already bought what they need, and even if any of them want to purchase more chana, the current prices are unattractive to them, he said. Prices are also weighed down by steady arrivals of the rabi crop, Mangal said, adding that they are expected to fall further by INR 100-INR 150 per 100 kg in the short term.

Meanwhile, the government's procurement is progressing slowly, Mangal said. Farmers are not willing to sell to the government as prices being offered in the spot markets are higher than the minimum support price of INR 5,640 per 100 kg. "Farmers will be encouraged to sell to the government only if prices fall by INR 400 per 100 kg or more, bringing market rates below that of the minimum support level," he said.

Prices of chana in Bikaner, Rajasthan, also fell by INR 50 from the previous day to INR 5,600 per 100 kg, traders said.

TUR prices in Maharashtra's Solapur were steady at INR 6,500-INR 7,200 per 100 kg, said Rahul Srinivas, a local trader. Some 10 to 15 trucks, with each truck carrying 20,000-25,000 kg, came into the market, he said. Prices are steady due to lack of any new cues and are expected to stay steady in the near term, or at least till May 15, Srinivas added. "After mid-May, demand from millers and stockists usually increases slowly, as they prepare to fill up their inventories ahead of the monsoon season," he said.

In Kalaburagi, Karnataka, prices of tur fell by INR 100 from Tuesday to INR 6,025-INR 7,139 per 100 kg, according to the India Pulses and Grains Association. Arrivals rose by 290 bags to 5,469 bags (1 bag = 50 kg).

MASUR prices in Indore were steady at INR 6,100-INR 6,150 per 100 kg, Mangal said. While both the demand and supply of the legume in spot markets are low, they are on par, keeping prices steady, he said. "Arrivals of masur in the market are low as most farmers are selling their rabi crop to the government," he said. The government is procuring the legume at the minimum support price of INR 6,700 per 100 kg, which is higher than the rates being offered in the spot markets.

As of Sunday, the National Agricultural Cooperative Marketing Federation has procured 51,155.4 tonnes of masur under the price support scheme, according to data from the federation. NAFED has purchased 49,795.3 tonnes of masur from Madhya Pradesh and 1,360.2 tonnes from Uttar Pradesh so far.

Prices of the moti variety of masur in Bareilly, Uttar Pradesh, fell by INR 25 from the previous day to INR 6,500 per 100 kg, the association said. Prices of the choti variety of masur in Bareilly were steady at INR 6,900-INR 6,950 per 100 kg.  End

Edited by Nishant Maher

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