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Informist, Wednesday, Aug 14, 2024

By Anjali Lavania

MUMBAI – Prices of chana and moong were steady today across major markets in India, while those of tur fell, traders said. Chana prices are expected to rise in the coming days due to ongoing festival demand, they said.

CHANA prices were steady in Indore, Madhya Pradesh, at 7,450-7,575 rupees per 100 kg, according to Kailash Kakani, a local trader. "As demand for besan is high, chana prices could rise further," Kakani said. However, chana prices in Akola, Maharashtra, today were up 50 rupees to 7,700 rupees per 100 kg, according to the data provided by Vinod Jain, a local trader. The arrivals were seen at 350 bags today (1 bag = 50 kg). Chana prices in Amravati, Maharashtra, were stable at 6,800-7,200 rupees per 100 kg. Arrivals of the pulse in the market were up 100 bags to 700 bags (1 bag = 100 kg), the India Pulses and Grains Association said.

TUR prices in the key wholesale market of Kalaburagi, Karnataka, were down by 100 rupees at 10,019-11,116 rupees per 100 kg. Arrivals were down by 92 bags to 1,488 bags (1 bag = 50 kg). Tur prices in Akola were steady at 11,300 rupees per 100 kg, Ashok Gupta, a local trader, said. Demand for tur is currently weak as buyers are waiting for the fresh harvest to hit the markets, he said. "Sluggish buying by millers and cheaper import prices of tur are all together weighing on the domestic tur prices," Pradeep Sahu, another Indore-based trader said. 

Prices of MOONG in the key wholesale market of Lalitpur in Uttar Pradesh were steady at 7,200-7,750 rupees per 100 kg. Arrivals were up by 100 bags to 400 bags (1 bag = 50 kg), the association said. Moong prices at Pipariya in Madhya Pradesh were steady at 7,000-7,950 rupees per 100 kg, with arrivals down by 1,000 bags at 6,000 bags (1 bag = 100 kg), it said.

"There is bumper supply of moong, but prices are rarely improving due to sluggish buying," Prathik Desai, an Akola-based trader said. According to Veer Kumar Kadkol, a local trader, arrivals of new moong have increased currently in Gadag mandi, Karnataka. Arrival pressures are expected to remain for the next 15–20 days, the association said. Increased acreage of moong this kharif season could push prices down further, he said. India's kharif moong acreage so far this season is 3.3 mln ha, up over 9.7% from a year ago.  End

(With inputs from Shreya Shetty)

Edited by Tanima Banerjee

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