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Informist, Tuesday, Aug 20, 2024

By Anjali Lavania and Shreya Shetty

MUMBAI – Prices of chana, tur, and urad fell across major markets in India, while those of moong were steady, traders said. Prices for most pulses fell due to lack of buyers today, which further reduced business, they added. 

CHANA prices in Indore, Madhya Pradesh, were down by 100–200 rupees from Saturday depending on the variety of chana, Kailash Kakani, a local trader said. The prices of kabuli chana were in the range of 7,000-7,350 rupees per 100 kg, while those of the kanta variety ranged from 7,650-7,700 rupees per 100 kg today. Prices of chana fell because there were very few buyers today, Kakani said. "In the long-run, chana prices are expected to rise," Pradeep Sahu, another local trader from Indore said. Chana spot prices in Akola, Maharashtra fell by 50 rupees to 7,800 rupees per 100 kg, Dinesh Rathi, a local trader said. Almost all mandis were closed on Monday on the occasion of Raksha Bandhan, Rathi said. However, the market is expected to revive soon because of festive demand, he said.

TUR prices in Kalaburagi, Karnataka, were down today by 500 rupees to 10,000-11,000 rupees per 100 kg, Kadkal Patel, a local trader said. Tur prices have plunged because of an increase in supply, Patel said. However, tur prices in Akola, Maharashtra, were steady at 15,400 rupees per 100 kg, according to the data provided by a local trader, Rajkumar Rajpal. Demand may increase in a few weeks ahead of festivals, he said. 

Prices of MOONG in the key wholesale market of Kalaburagi in Karnataka were steady at 7,200-7,750 rupees per 100 kg. Karnataka's moong acreage has seen a sharp rise in the current kharif season. India's kharif moong acreage so far this season is 3.3 mln ha, up over 9.7% from a year ago. Moong spot prices in Akola, Maharashtra, were steady, with prices ranging from 5,800-7,500 rupees per 100 kg depending on the quality of moong, Anuj Goel, a local trader said. 

URAD prices in Jalgaon, Maharashtra, were down by 500–600 rupees, with the lower quality urad prices ranging from 7,800-7,900 per 100 kg, and higher quality urad prices ranging from 8,500-8,600 rupees per 100 kg, Deepak Salecha, a local trader said. The supply of urad has risen, with an increase in supply from Telangana. "Telangana farmers usually cultivate cotton, but last year, due to urad fetching good prices for farmers, many have switched over to urad," he said. The condition of the crop so far is also good, hence a good supply of urad is expected, he said. However, urad prices will not fall further, as traders will start holding urad stocks, he said.  End

Edited by Deepshikha Bhardwaj

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