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Informist, Wednesday, Sep 18, 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 wholesale market of Solapur, Maharashtra, they said.

CHANA prices in Akola were down by 100 rupees from Monday at 7,650 rupees per 100 kg, Ankit Kedia, a local trader, said. Markets across the country were closed on Tuesday on account of Anant Chaturdashi. Arrivals were steady at 200 bags (1 bag = 50 kg). "Chana demand reached its peak during August-end, touching 8,000 rupees per 100 kg," Kedia said. After August, demand has been sluggish, he added. Buyers have already stocked up on chana and are holding off purchases in anticipation of cheaper imports from Australia in November, he said. 

Australia, one of the largest exporters of chana to India, is expected to have a bumper chana crop this year. The Australian Bureau of Agricultural and Resource Economics and Sciences estimates chana production in 2024-25 (Jul-Jun) to surge 171% to 1.3 mln tn. Imports from Australia will weigh on domestic prices, the India Pulses and Grains Association said in a report. 

Prices of chana in Indore were steady at 7,700 rupees per 100 kg, the association said.

TUR prices in Akola were down 100–120 rupees from Monday at 10,750-10,800 rupees per 100 kg, Kedia said. Arrivals were steady at 200 bags (1 bag = 50 kg). "Demand for domestic tur is seasonally low," he said. Cheaper imports from Africa, with prices at 7,500-8,500 rupees per 100 kg, are also weighing on prices of domestic tur, he said. 

Trade estimates suggest that despite low stock levels, prices of tur will keep falling due to weak sentiment, the association said in its weekly report.

MOONG prices in Solapur, Maharashtra, were steady at 8,200-8,300 rupees per 100 kg, said Mukesh Sanklecha, a local trader. Arrivals at the market were steady at three-four trucks, he said. "Prices were steady today after a slight fall due to slowing demand," he said. Arrivals from Karnataka, which has a moisture quantity of around 10%, are being sold at 7,500 rupees per 100 kg, he said.

Moisture content in moong degrades its quality, weighing on prices. 

Prices of moong in Vidisha, Madhya Pradesh, were steady at 6,800-7,850 rupees per 100 kg, Vinod Jain, a local trader said. Arrivals were steady at 200 bags (1 bag = 100 kg), he said.  End

Edited by Avishek Dutta

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