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Informist, Monday, Sep 23, 2024

By Anjali Lavania

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

CHANA prices in Indore, Madhya Pradesh, were down 50 rupees to 7,750 rupees per 100 kg, local trader Kailash Kakani said. "This fall in price is temporary, but in the long-run, prices are expected to increase," he said. Also, prices of chana in Akola in Maharashtra were down by 50 rupees to 7,825-7,850 rupees per 100 kg, according to the India Pulses and Grains Association. 

However, prices of chana are likely to rise in the near-term due to an increase in purchases by millers for immediate crushing needs ahead of festivals, along with retailers and wholesalers stocking up for Diwali, the association said in its weekly outlook. The demand for seeds for the rabi sowing season will also support prices.

TUR prices in Solapur, Maharashtra, were up 500 rupees at 11,000-11,025 rupees per 100 kg, as per the association. Tur prices are likely to increase in the coming days as there is firm demand from millers, according to the association's weekly market outlook. Millers' demand for crushing is due to better margins. There are limited domestic stocks, and shipments from Africa are also likely to be delayed, which will increase prices, the report said. The future of tur prices will depend largely on supply from Africa and the weather in areas producing kharif crops. 

URAD prices in Jaipur, Rajasthan, were steady with prices in the range of 8,700-9,300 rupees per 100 kg, according to the association. Traders expect urad prices to remain firm until mid-October due to demand from millers ahead of the festival season. Heavy rainfall, low stocks, and delays in sowing in Myanmar could also support prices of urad, it said. Prices of good-quality urad increased as recent rains in growing areas this season led to concerns about crop damage, it said. Urad planting in Myanmar is expected to start in October, and the current stock in the country is around 200,000 tn. End

Edited by Deepshikha Bhardwaj

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