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Informist, Friday, Aug 30, 2024

By Shreya Shetty

MUMBAI – Prices of chana fell while those of tur and moong were steady in key spot markets across the country, traders said. Prices of urad and masur were also steady across major markets, they said.

Chana prices in Akola, Maharashtra, fell by 100 rupees from Thursday to 7,595 rupees per 100 kg, said Ankit Kedia, a local trader. Arrivals were steady at 300 bags (1 bag = 100 kg), Kedia said. "Demand is always sluggish at the end of the month," he said. However, the festival demand for chana will renew next week as Ganesh Chaturthi is drawing closer, he said.

Similarly, chana prices fell by 100 rupees from Thursday to 7,400 rupees per 100 kg in Ashok Nagar, Madhya Pradesh, said Gaurav Kochar, a local trader. Arrivals were steady at 500 bags (1 bag = 100 kg), Kochar said. 

Tur prices in Akola, Maharashtra, were steady at 10,000-11,000 rupees per 100 kg, Kedia said. Arrivals were steady at 500 bags (1 bag = 50 kg), Kedia said. "Tur prices are steady in the short-term but could rise by 200–300 rupees when the festive demand picks up," Kedia said.

Tur prices in Kalaburagi, Karnataka, were steady at 11,000 rupees per 100 kg, Kadkal Patel, a local trader, said. Arrivals are steady at 1,000 bags (1 bag = 100 kg). "Business is steady for now but arrivals will start falling because the new crop will only arrive by November," he said. 

Moong prices in Akola, Maharashtra, were steady at 7,600-8,000 rupees per 100 kg, said Anuj Goel, a local trader. Arrivals from the Karnataka were 3,000-5,000 bags (1 bag = 50kg), Goel said. Prices are likely to fall as arrivals from Karnataka have increased, he said. The moong crop arriving from Karnataka has a moisture level of 15% because of the heavy rainfall in the state, which will also drive prices down, he said. Moisture worsens the quality of moong, reducing its price.

Moong prices in Vidisha, Madhya Pradesh, were steady at 7,600 rupees per 100 kg, said Vinod Jain, a local trader. Arrivals were steady at 100 bags (1 bag = 100 kg).

Urad prices in Ashok Nagar, Madhya Pradesh, were steady at 7,500-8,500 rupees per 100 kg, Kochar said. Arrivals of domestic tur are low, he said. "Currently, the market for domestic tur is inactive as the new urad crop will arrive only in October," he said.

Urad prices in Vidisha, Madhya Pradesh, were steady at 7,000-8,000 rupees per 100 kg, said Omprakash Patodiya, a local trader. Arrivals were steady at 300 bags (1 bag = 50 kg), Patodiya said.

Masur prices in Ashok Nagar, Madhya Pradesh, were steady at 5,700-5,800 rupees per 100 kg, Kochar said. Arrivals were steady at 200 bags (1 bag = 60 kg), he said. Currently, prices are steady in the domestic market, but an increase in imports of the commodity in coming days is likely to weigh on prices, he said.  End

Edited by Akul Nishant Akhoury

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