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Informist, Wednesday, Sep 11, 2024

By Shreya Shetty

MUMBAI – Prices of chana rose while those of masur were steady in the benchmark market of Indore, Madhya Pradesh, traders said. Prices of tur and moong fell in the major markets of Maharashtra, they said. 

CHANA prices in Indore, Madhya Pradesh, were up by 100 rupees from Tuesday to 7,800 rupees per 100 kg, Raja Jain, a local trader said. "Demand for chana is slightly up because of festive needs, with Diwali approaching in October," Jain said. Prices of chana have reached their peak for the current season, and they will be steady until imports from Australia arrive in October and November, he said. Similarly, chana prices in Akola, Maharashtra, were up by 50 rupees from Tuesday to 7,825-7,850 rupees per 100 kg, Mukund Khatod, a local trader said. 

However, the India Pulses and Grains Association has predicted that prices of chana would fall this week due to lower demand. Prices of chana could fall further in the long run due to the expectations of higher production in Australia, according to the association. Australia is one of the largest exporters of chana to India. 

TUR prices in Solapur, Maharashtra, were down by 200 rupees from Tuesday to 10,800-11,300 rupees per 100 kg, Rahul Srinivas, a local trader said. Arrivals were steady at four-five trucks, Srinivas said. "There is low buying in the market, so prices may remain in the lower range this week," he said. Prices of tur in the long run will depend on how much crop damage has been caused by the heavy rainfall in the state, he said.

MOONG prices in Akola, Maharashtra, were down by 200–300 rupees from Tuesday to 7,600-7,700 rupees per 100 kg, Anuj Goel, a local trader said. "Arrivals from Karnataka have resumed in full swing because heavy rainfall in the state has receded, thereby high supply of moong in the market has driven prices down," Goel said. 

Currently, moong arrivals in Maharashtra markets are mainly from Madhya Pradesh and Karnataka. Prices of moong from Madhya Pradesh were steady at 8,100-8,200 rupees per 100 kg, he said. Prices of moong from Madhya Pradesh are higher as compared to moong from Karnataka because the former not contain moisture. The moong from Karnataka has a moisture content of 15-16%, he said. Moisture in moong usually lowers its quality, weighing on its prices.

MASUR prices in Indore, Madhya Pradesh, were steady at 6,000 rupees per 100 kg, Jain said. "Prices could increase in the long term because of festive demand in October with Diwali approaching," he said. End

Edited by Vidhi Verma

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