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Informist, Monday, Jul 15, 2024

By Romeo M. Raj

MUMBAI - Prices of chana dropped across most markets in the country today as demand fell owing to higher rates for the commodity and the availability of a cheaper alternative in yellow peas, the India Pulses and Grains Association said. Prices of tur also fell while moong prices were stable across most markets, the association added.

The Centre is likely to announce measures in the upcoming Budget for 2024-25 (Apr-Mar) to aid domestic production of oilseeds and pulses, and to procure 100% of three varieties of pulses at minimum support prices to reduce reliance on imports, according to a media report today.

Prices of CHANA in Khamgaon, Maharashtra, were down 50 rupees at 6,200-6,450 rupees per 100 kg, the association said. Arrivals were down to 300 bags (1 bag = 100 kg) from 500 bags the previous day, it said. Prices at Akola, also in Maharashtra, fell 50 rupees to 6,700-6,725 rupees per 100 kg, though arrivals were stable at 400 bags (1 bag = 50 kg), the association said.

Prices of TUR fell due to the bumper kharif acreage and slow demand, the association said. The acreage under pulses was 6.23 mln ha as of today, up 26% from 4.95 mln ha a year ago. Within pulses, acreage under tur surged 191% to 2.81 mln ha from 966,000 ha a year ago, data from the agriculture ministry showed.

The sharp increase in tur acreage is mainly due to the early onset of the monsoon in top tur-producing states such as Karnataka. During the previous kharif season, the sowing of kharif crops was delayed due to the erratic monsoon. This weighed on production of tur and maize and also delayed the sowing of rabi crops.

Tur prices in the key wholesale market of Amravati in Maharashtra were down 50 rupees at 11,000-11,600 rupees per 100 kg, though arrivals were lower at 700 bags (1 bag = 100 kg) from 1,000 bags.

Prices at Khamgaon fell 100 rupees to 10,000-11,400 rupees per 100 kg, though arrivals were lower at 300 bags (1 bag = 100 kg) from 400 bags the previous day, the association said. Prices of tur in Kalaburagi, Karnataka, were down 100 rupees at 11,900 rupees per 100 kg, local trader Veerkumar Kadkol said.

Prices of MOONG in the key wholesale market of Lalitpur in Uttar Pradesh were stable at 7,400-7,800 rupees per 100 kg, although arrivals were down to 700 bags (1 bag = 50 kg) from 1,000 bags, the association said. Moong prices at Pipariya in Madhya Pradesh were stable at 7,000-8,100 rupees per 100 kg, although arrivals were lower at 4,000 bags (1 bag = 100 kg) from 5,000 bags, it said. Prices of moong in Kalaburagi were stable at 7,900 rupees per 100 kg, Kadkol said.  End

Edited by Rajeev Pai

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