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Informist, Friday, Jul 19, 2024

By Romeo M. Raj

MUMBAI - Prices of chana were stable across most markets in the country today as the availability of cheaper yellow peas, an alternative to chana, offset the seasonal rise in demand with the festival season starting in early August, the India Pulses and Grains Association said. Prices of tur were down, while those of moong were stable across most major markets, traders said.

The Securities and Exchange Board of India has approved the relaunch of yellow peas futures on the National Commodity & Derivatives Exchange, two officials with the exchange told Informist. The contract was last traded on the exchange in 2009, according to an official.

Prices of CHANA in Khamgaon, Maharashtra, were steady at 6,300-6,550 rupees per 100 kg, as arrivals were steady at 400 bags (1 bag = 100 kg) from the previous day, the association said. Prices at Amravati, also in Maharashtra, were stable at 6,200-6,450 rupees per 100 kg, though arrivals were down at 300 bags (1 bag = 100 kg) from 500 bags, the association said.

Chana prices in Indore, Madhya Pradesh, were steady at 7,000-7,050 rupees per 100 kg, local trader Kailash Kakani said. Prices of chana at Kalaburagi in Karnataka were stable at 7,100 rupees per 100 kg, local trader Veerkumar Kadkol said. 

Prices of TUR dropped on a rise in imports and surge in the acreage, traders said. India’s tur, or pigeon peas, imports in May rose 57.4% from a year ago to 60,271.58 tn, led by higher imports from Mozambique and Sudan, according to data by the commerce and industry ministry.

The acreage under pulses was 8.6 mln ha as of today, up from 7 mln ha a year ago. Within pulses, acreage under tur surged 73% to 3.3 mln ha from 1.9 mln ha a year ago, the ministry data showed. 

Tur prices in the key wholesale market of Hinganghat were down 50 rupees at 10,200-11,590 rupees per 100 kg, although arrivals were lower at 600 bags (1 bag = 50 kg) from 1,700 bags. Prices at Akola fell 50 rupees to 11,900-11,950 rupees per 100 kg, though arrivals were stable at 800 bags (1 bag = 50 kg), the association said. 

Prices of MOONG in the key wholesale market of Lalitpur in Uttar Pradesh were stable at 7,500-7,900 rupees per 100 kg, as arrivals were steady at 1,000 bags (1 bag = 50 kg), the association said. Moong prices at Pipariya in Madhya Pradesh were stable at 7,000-8,100 rupees per 100 kg, as arrivals were down at 4,000 bags (1 bag = 100 kg) from 6,000 bags, it said. 

Prices of moong in Kalaburagi were stable at 7,900 rupees per 100 kg, Kadkol said. India's kharif moong acreage 2.5 mln ha so far vs 2.3 mln ha yr ago. End

Edited by Vidhi Verma

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