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Informist, Tuesday, Sep 24, 2024

By Shreya Shetty

MUMBAI – Prices of pulses were mostly steady across major markets in the country, traders said. Prices of chana could rise in the next few days due to strong demand during the festival season, they said.

CHANA prices in Vidisha, Madhya Pradesh, were steady at 7,500-7,700 rupees per 100 kg, Dinesh Mangal, a local trader, said. Arrivals were steady at 500 bags (1 bag = 100 kg). "Prices may rise during the next week as buying is gradually picking up for Navratri and Diwali in October," Mangal said. Prices of chana could also rise as domestic supply is reduced, he said.

Prices of chana in Akola, Maharashtra, were steady at 7,775-7,800 rupees per 100 kg, according to data from the India Pulses and Grains Association. Arrivals were up by 50 bags at 300 bags (1 bag = 50 kg).

However, the government has extended the duty-free imports of yellow peas through Dec 31, which may have some impact on the prices of chana, the association said in its weekly outlook. Yellow peas are used as a cheaper alternative to chana.

TUR prices in the benchmark market of Kalaburagi, Karnataka, were down by 125 rupees per 100 kg, according to the association. Arrivals were down by 225 bags at 275 bags (1 bag = 50 kg). However, prices of tur in Akola were steady at 11,000-11,050 rupees per 100 kg, as per the association. Arrivals were steady at 800 bags (1 bag = 50 kg).

Tur prices are likely to increase in the coming days as there is firm demand from millers, according to the association's weekly report. 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. 

URAD prices in Jaipur, Rajasthan, were stable at 8,700-9,300 rupees per 100 kg, according to the association. Prices of urad in Lalitpur, Uttar Pradesh, were also steady at 6,000-8,200 rupees per 100 kg. Arrivals were steady at 5,000 bags (1 bag = 50 kg).

Traders expect urad prices to remain firm until mid-October on account of demand from millers for the festival season, the association said in its report. Heavy rainfall, low stocks, and a delay in sowing in Myanmar could also support prices of urad, it said.

MASUR prices were steady at 5,600-6,100 rupees per 100 kg in Vidisha, Mangal said. Arrivals were steady at 300 bags (1 bag = 100 kg). "Currently, masur prices may remain steady, but could increase through Oct-Dec due to festivities," he said. 

Masur prices in the key wholesale market of Lalitpur were steady at 5,600-5,800 rupees for the "moti" type. Prices of the "choti" type were steady at 6,000-6,450 rupees per 100 kg, according to the association.  End

Edited by Rajeev Pai

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