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Informist, Tuesday, Apr. 29, 2025

By J. Navya Sruthi

MUMBAI – Tur and chana prices fell Tuesday, while masur prices remained unchanged from the previous day. Tur prices fell as farmers started selling their produce after prices rose. Chana prices fell due to muted demand, market participants said.

Prices of TUR in Maharashtra's Akola were down by INR 100 at INR 7,200-INR 7,300 per 100 kg as farmers started selling their produce following a rebound in prices, local trader Ankit Kedia said. Tur prices are likely to remain weak in the short-term due to rise in arrivals, he added. However, prices may rise by 10% from the current level in the long-term as the stock with farmers gets exhausted, Kedia said.

Tur prices are also lower because of cheap imports from Myanmar, said Rahul Srinivas, a Solapur-based trader. "If prices of the Myanmar shipments had been higher, our (India's) prices would have risen, but they are selling it at a lower rate, further dampening domestic prices," Srinivas said. Prices of the lemon-variety tur from Myanmar were INR 6,650 per 100 kg in Chennai.

The government's tur procurement has picked up pace as farmers in Karnataka and Andhra Pradesh are selling the pulse. In Karnataka, the state government has issued a bonus of INR 450 above the minimum support price of INR 7,550 per 100 kg to boost procurement.

Prices of CHANA in Akola fell INR 75 to INR 5,950 per 100 kg, Kedia said. According to traders, prices slipped due to fall in demand for chana flour, a trend seen during summers, and higher availability of cheaper substitutes such as yellow peas. Prices of the pulse in Indore, Madhya Pradesh, were down by INR 50 at INR 6,000 per 100 kg, traders added.

The government's procurement usually supports prices of pulses, but its purchases have been sluggish this year. This can be attributed to spot domestic prices edging above the minimum support price of INR 5,650 per 100 kg. Further, traders said farmers are not willing to sell chana to the government as, unlike traders, the Centre does not spot payments. As of Friday, the government has procured only 40,000 tonnes of chana, less than 1.5% of the amount of 2.80 million tonnes sanctioned for procurement in the rabi marketing season 2025-26 (Apr-Mar).

MASUR prices of the moti variety were steady in Bareilly, Uttar Pradesh at INR 6,475-INR 6,500 per 100 kg, according to the India Pulses and Grains Association. Prices of the choti variety of masur in Bareilly were steady at INR 6,900 per 100 kg.

While demand for masur is low, it is on par with the arrivals, keeping prices steady, traders said. The spot market is getting less arrivals as most of the rabi crop is being sold to the government. The government is offering the minimum support price of INR 6,700 per 100 kg for the legume, which is much more attractive to farmers than the market rates.  End

Edited by Nishant Maher

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