More Stories

Informist, Tuesday, Aug 27, 2024

By Anjali Lavania and Shreya Shetty

MUMBAI – Prices of chana and tur were steady in major markets across the country, traders said. Prices of moong were unavailable as the market in Kalaburagi, Karnataka, was shut today on the occasion of Janmashtami, they added.

CHANA prices in Indore, Madhya Pradesh were steady at 7,900 rupees per 100 kg, local trader Lakhan Goyal said. Arrivals were also steady at 1,000 bags (1 bag = 100 kg), Goyal said. Similarly, chana prices in Akola, Maharashtra, were unchanged at 8,000-8,050 rupees per 100 kg with arrivals steady at 300 bags (1 bag = 50 kg), according to the India Pulses and Grains Association. However, chana prices in Vidisha, Madhya Pradesh, were up 100 rupees at 7,850 rupees per 100 kg. Arrivals were down by 100 bags to 200 bags (1 bag = 100 kg), Pradeep Sahu, a local trader, said. "Chana prices are not expected to fall in the long-run due to strong festival demand," he said.

Prices of chana are likely to continue rising due to low government stocks and limited supply in the country, the association said in its weekly outlook report on Monday.

TUR prices in Akola, Maharashtra, were steady at 11,000 rupees per 100 kg, according to the association. The supply of tur could fall in the upcoming months as new crop will arrive only in the markets in November and January. Hence, tur prices are likely to rise in the coming weeks, the association said.

Acreage under tur is up by 12% on year at 4.6 mln ha, according to data from the agriculture ministry released today. Experts expect good rainfall during the current monsoon season to improve cultivation of pulses. India is heavily reliant on other countries to meet the domestic demand for certain pulses such as tur and urad. The sharp increase in tur acreage is mainly due to early onset of the southwest monsoon in top tur-producing states such as Karnataka. In the previous kharif season, the sowing of crops was delayed because of an erratic monsoon. Tur acreage in Karnataka was up 23% on year at 1.6 mln ha as of Friday, the state's sowing data showed. As of Friday, the state received 789 mm of rainfall since Jun 1, 22% above the normal rainfall of 647 mm for the period.

MOONG prices from Kalaburagi in Karnataka were unavailable as the markets were shut for Janmashtami, local trader Pawan K. said. Mostly, prices were steady at 7,000-7,500 per 100 kg across India, as per association data. 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.  End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2024. All rights reserved.