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Informist, Thursday, Sep 19, 2024

By Shreya Shetty

MUMBAI – Prices of pulses were mixed in key spot markets in the country today, traders said. Prices of chana rose and tur fell, while those of masur and moong were steady, they said.

CHANA prices in Vidisha in Madhya Pradesh, were up by 50 rupees from Wednesday at 7,550-7,700 rupees per 100 kg, Dinesh Mangal, a local trader said. "Demand is slightly up because of Pitru-Paksh," Mangal said. Pitru-Paksh is a 16-day lunar period which begins on Sep 17 and ends on Oct 2, when Hindus pay homage to their ancestors, especially through food offerings. People observe vegetarianism during this period, which increases demand for chana for making besan, he said. Prices are likely to remain range-bound with upward bias until Navratri, he said.

Prices of chana in Akola in Maharashtra were up by 75 rupees from Wednesday at 7,800-7,825 rupees per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Solapur in Maharashtra were down by 500 rupees at 10,400-10,500 rupees per 100 kg, Rahul Srinivas, a local trader said. Arrivals were down to three to four trucks, he said. "Prices of domestic tur are under heavy pressure from imported tur, which is cheaper," he said. Tur imports from Africa are being sold at 8,500 rupees per 100 kg, diverting demand away from domestic tur, he said. 

Weak market sentiments will ensure that prices fall further despite low stock levels, the association said in its weekly report. 

However, prices of tur in the benchmark market of Kalaburagi in Karnataka were steady at 10,500-11,015 rupees per 100 kg, the association said. Arrivals were steady at 420 bags (1 bag = 50 kg).

MOONG prices in Akola were steady at 8,300-8,400 rupees per 100 kg, Kirit Mantri, a local trader said. "Prices are steady as business is sluggish following consecutive holidays during the week," Mantri said. Most markets were shut on Monday for Eid-e-Milad, while all markets were shut on Tuesday for Anant Chaturdashi. Some markets in Maharashtra were also shut on Wednesday as the state government shifted the public holiday for Eid-e-Milad to Wednesday from Monday. 

Prices of moong could fall next week due to new arrivals from Rajasthan, Mantri said. Prices of moong in Kalaburagi were steady at 7,000-8,000 rupees per 100 kg, according to the association. Arrivals were steady at 4,000 bags (1 bag = 50 kg).

MASUR prices in Vidisha were steady at 5,600-6,100 rupees per 100 kg, Mangal said. Arrivals were steady at 200 bags (1 bag = 100 kg). "Prices could rise in October as festive demand could increase, with Diwali drawing closer," he said.

Masur prices in the key wholesale market of Lalitpur in Uttar Pradesh were steady at 5,600-5,850 rupees for the "moti" type, while prices of the "choti" type were steady at 6,000-6,400 rupees per 100 kg, according to the association.  End

Edited by Saji George Titus

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