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Informist, Thursday, Sep 12, 2024

By Shreya Shetty

MUMBAI – Prices of chana and tur fell in the key wholesale market of Akola in Maharashtra, traders said. Prices of moong were steady in the benchmark market of Kalaburagi in Karnataka, they said.

CHANA prices in Akola were down 50 rupees from Wednesday at 7,750 rupees per 100 kg, local trader Ankit Kedia said. Arrivals were up by 50 bags at 200 bags (1 bag = 50 kg), Kedia said. "Demand is sluggish as stockists have already bought chana in bulk for the festive season," he said. The number of buyers has come down, pushing prices lower, he said. 

Similarly, chana prices in Indore were down by 50 rupees from Wednesday at 7,700-7,750 rupees per 100 kg, said Lakhan Goyal, a local trader. "Price fluctuations of 50–100 rupees are an everyday phenomenon because of volatile demand," Goyal said. However, last-minute buying could support prices temporarily, he said. 

TUR prices in Akola were down by 100–120 rupees from Wednesday at 10,900-11,000 rupees per 100 kg, Kedia said. Arrivals were down 100 bags from Wednesday at 300 bags (1 bag = 50 kg), he said. "Demand for tur is extremely low, as against the usual expectations of festive buying during this period every year," he said. Prices of tur were weighed down further due to availability of cheaper tur imports from African nations such as Mozambique, he said. The long-term outlook for tur prices is bearish due to abundant supplies of alternatives such as low-priced yellow peas and masur from Oct-Nov, according to a weekly outlook report by the India Pulses and Grains Association.

Tur prices in the key wholesale market of Kalaburagi were down by 100 rupees from Wednesday at 10,500-11,200 rupees per 100 kg, as per the data from the association.

MOONG prices in Kalaburagi were steady at 7,000-8,000 rupees per 100 kg, the association said. Arrivals were steady at 5,000 bags (1 bag = 50 kg). Prices of moong are expected to fall due to higher kharif arrivals of the commodity at producing centres. The area under moong as of Sep 6 rose sharply to 441,000 ha from 180,000 ha a year ago, according to a report by the state's agricultural department. 

Moong prices in the benchmark market of Pipariya in Madhya Pradesh were down by 200 rupees at 7,000-8,530 rupees per 100 kg, according to data by the association. Arrivals were steady at 2,000 bags (1 bag = 100 kg).  End

Edited by Avishek Dutta

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