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Informist, Monday, Aug 26, 2024

By Anjali Lavania and Shreya Shetty

MUMBAI – Prices of chana and moong rose today in most of the major markets of the country, while those of tur were steady, traders said. Prices of chana are increasing continuously due to strong festival demand, they added. 

CHANA prices in key markets of Akola, Maharashtra, rose by 100 rupees from Friday to 8,050 rupees per 100 kg, Dinesh Rathi, a local trader, said. The demand for chana is rising gradually, especially with Ganesh Chaturthi festival approaching, he said. However, chana spot prices in Solapur, Maharashtra were steady at 6,500-6,900 rupees per 100 kg, Mukesh Sanklecha, a local trader, said. "Prices have been stable for the normal variety of chana, but for good quality chana, prices are increasing, with prices at 9,400-9,500 rupees per 100 kg," he said. Prices of chana are likely to continue rising due to strong festival demand, low government stock, and limited supply in the country, the India Pulses and Grains Association said in its weekly outlook report today. 

TUR prices in Akola, Maharashtra were steady at 10,800-11,000 rupees per 100 kg, Akash Gupta, a local trader, said. "Currently, the supply of imported tur is in huge quantities, which makes it cheaper, thereby affecting the prices of domestic tur negatively," he said. However, tur prices in Solapur, Maharashtra were down by 100 rupees from Friday to 11,000-11,500 rupees per 100 kg, Sanklecha said. The supply of tur could fall in the upcoming months as new crops will arrive in markets during November and January, traders said. Hence, tur prices are likely to stabilise or rise further in the coming weeks, the association said. 

MOONG prices in Akola, Maharashtra were up by 100 rupees to 7,500-7,900 rupees per 100 kg, Mukund Khatod, a local trader, said. "Heavy rainfall has slowed down the supply of moong from Karnataka," Khatod said. Continuous rainfall is also responsible for the degradation of the new crop, he said. Hence, the declining supply of the commodity is pushing its prices up, he added. However, moong prices in Solapur, Maharashtra were steady at 7,000-7,500 rupees per 100 kg, Sanklecha said. Moreover, upcoming kharif procurement at the minimum support price of 8,682 rupees per 100 kg by government agencies such as the National Agricultural Cooperative Marketing Federation of India should prevent prices from dropping significantly, the association said. 

"Most of the spot markets like Indore and Vidisha in Madhya Pradesh were closed today for the celebration of Janmashtami," Kailash Kakani, an Indore-based trader, said. Mandis like Bikaner in Rajasthan, and Kalaburagi in Karnataka were also closed for Janmashtami, traders said.   End

Edited by Tanima Banerjee

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