India Pulses
Chana steady; tur down on low demand in major markets
This story was originally published at 16:55 IST on 16 September 2024
Register to read our real-time news.Informist, Monday, Sep 16, 2024
By Shreya Shetty
MUMBAI – Prices of chana in the benchmark market of Indore in Madhya Pradesh were steady today, traders said. Prices of tur were down in the key market of Akola, Maharashtra. Prices of moong were unavailable as markets in Kalaburagi, Karnataka, were shut on the occasion of Id-e-Milad.
CHANA prices in Indore were steady at 7,400-7,500 rupees per 100 kg, said Kailash Kakani, a local trader. "Prices have been steady in a lower range since the previous week," Kakani said. adding that prices may remain unchanged in the coming weeks because of a seasonal slowdown.
Chana prices are likely to remain steady in the near term due to sluggish demand during Pitru-Paksh, the India Pulses and Grains Association said in its weekly outlook today. Pitru-Paksh is a 16-day period that begins on Sep 17 and ends on Oct 2.
Prices of chana in Akola were stable at 7,725-7,750 rupees per 100 kg, the association said.
TUR prices in Akola were down by 200 rupees at 10,500 rupees per 100 kg, Ashok Gupta, a local trader, said. "Demand for tur is extremely low, driving prices down daily," Gupta said. Prices may fall further by 100–200 rupees next week as buyers are opting for cheaper imports from African countries over domestic tur, he said.
Prices of tur are likely to fall as buyers hold off purchases, awaiting lower forward quotes for tur from Africa, the association said in its weekly report. Supplies of tur from Africa are expected in the coming months, the association said.
Tur prices in Indore were steady at 11,000-11,100 rupees per 100 kg, the association said.
Prices of MOONG in Kalaburagi were unavailable today as markets were shut on account of Id-e-Milad, said local trader Veerkumar Kadkol. End
Edited by Avishek Dutta
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.
To read more please subscribe
Share this Story:
