Weekly Agri Update: Masoor And Chana Market Report, Will Government Tackle Price Surge?

In recent times, there has been a surge in demand for pulses, which has increased the prices of several pulses like masoor, chana, tur, and urad. The Indian government has expressed concerns over the rising prices of pulses and has taken measures to control it. In this article, we will have a look at the overview of the weekly pulses and the recent government raids on Chennai warehouses to address the pulse price surge.

Price Movement: 1^st Week Of May 2023

• Masoor Price Per Quintal In India- Prices opened at Rs. 5825 on 1 May 2023 (Monday) in Katni and closed at Rs. 5825/50 on 6 May 2023 (Saturday). During the last week, there was a rise in demand for this dal, as a result, masoor price per quintal in India increased by Rs. 25.

• Chana Price Per Quintal In India- Prices remained stable in mandis with slow arrival and improvement in demand for pulses. Old chana closed at Rs. 5125 on Saturday, and there was a strong rate of +75 rupees per quintal due to an increase in demand for this dal and besan. However, due to MSP falling considerably below Rs. 5335, most farmers are unable to sell their produce, resulting in unsold stocks.

Desi Chana Procurement For Current Marketing Season

NAFED’s procurement has reached 1721796 MT for this season with respective states at 78570 MT for Karnataka, 294297 MT for Gujarat, 62200 MT for Andhra Pradesh, 616977 MT for Maharashtra, 5225 MT for Uttar Pradesh, 568723 MT for Madhya Pradesh, 45566 MT for Rajasthan and 50238 MT for Telangana.

Government’s Concerns Over Pulses Price Surge 

The Indian government is worried about the rising prices of pulses, particularly tur and urad. Reports of raids at several warehouses in Chennai have surfaced, and government officials have ordered the swift release of pulses in the market to increase availability and control the prices. The government has also warned traders to avoid unnecessary profiteering and bring pulses to the market with reasonable margins to maintain balance in the market. If traders do not comply with government orders, the seized stock in the warehouses may also be confiscated.

OFB’s Insight  

The demand for pulses is expected to remain high due to the upcoming wedding season. The government is taking steps to control the rising prices of pulses, and traders are advised to avoid profiteering and bring pulses to the market with reasonable margins. The weekly report on masoor and chana shows that the prices have remained stable in most places with a slight increase in some areas due to the rise in demand. As we move forward, it will be interesting to see how the market responds to the government’s measures to control pulse prices.

Read more: Masoor Market Update: These Are The Current Challenges Faced by Indian Farmers and Canadian Exporters

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