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Informist, Friday, Aug 16, 2024

By Anjali Lavania

MUMBAI – Prices of chana and tur rose across major markets in India, while those of moong were steady today, traders said. Chana prices are expected to rise further in the days to come on festive-season demand, they said.

CHANA prices rose in Indore, Madhya Pradesh, by 100 rupees to 7,550-7,675 rupees per 100 kg, according to Kailash Kakani, a local trader. "Demand for gram flour (besan) ahead of festivals is keeping the prices of chana high," Kakani said.

"Prices of chana imported from Australia and Tanzania have risen sharply by 1,000 rupees, because of which buyers are choosing domestic chana over imported chana," Dinesh Rathi, a trader from Akola, Maharashtra, said. Arrivals have slowed as sellers are refusing to bring chana stocks to spot markets for fear of rain damage, Pawan Jain, a trader from Vidisha, Madhya Pradesh, said.

Chana prices in Amravati, Maharashtra, were up 200 rupees at 7,000-7,400 rupees per 100 kg. Arrivals at the market were down by 200 bags to 500 bags (1 bag = 100 kg), the India Pulses and Grains Association said.

TUR prices in the key wholesale market of Kalaburagi, Karnataka, were up 50 rupees at 10,069-11,166 rupees per 100 kg. Arrivals were down by 88 bags to 1,400 bags (1 bag = 50 kg). "Demand for tur is improving, but at a slow pace," Veerkumar Kadkol, a trader from Karnataka, said. Similarly, tur spot prices in Akola were up 100 rupees at 15,000-15,500 rupees per 100 kg, according to local trader Dinesh Rathi. Demand for tur has revived, and prices could rise further by 300–500 rupees, he 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 unchanged at 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 5,000 bags (1 bag = 100 kg), it said.

According to Kadkol, arrivals of fresh moong have increased in the market at Gadag, Karnataka. The arrival of the fresh crop could drive prices down in the long run, Rajkumar Rajpal, an Akola-based trader, said.

Karnataka's kharif moong acreage has shot up 151% this year to 435,000 ha as of the latest data provided by the state government. Increased moong acreage could push prices down further, Kadkol 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 Rajeev Pai

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