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Informist, Thursday, Oct. 3, 2024

By Shreya Shetty

MUMBAI – Prices of chana and tur were down, while those of moong were steady in Maharashtra, traders said. Prices of pulses were unavailable in Indore, Mahdya Pradesh, as markets were closed for the first day of Navratri, they said.

CHANA prices in Akola, Maharashtra, were down by INR 25 from Tuesday at INR 7,700-INR 7,775 per 100 kg, Ankit Kedia, a local trader said. Arrivals were steady at 400 bags (1 bag = 50 kg). Major markets in the country were closed on Wednesday on account of Gandhi Jayanthi. "Demand is sluggish as festival buying this year is much lower than last year," he said. Buyers have already stocked up on chana and are holding off purchases in anticipation of cheaper imports from Australia in November, he said. 

In Australia, the harvest of desi chickpeas, barley, and wheat has begun with good crop quality, the India Pulses and Grains Association said in its weekly report. Bulk buyers are looking to ship chickpeas to major ports for export, the report said. Australia is one of the largest exporters of chana to India.

TUR prices in Akola were down by INR 50 from Tuesday at INR 10,500-INR 10,550 per 100 kg, Kedia said. Arrivals were down by 400 bags to 400 bags (1 bag = 50 kg). "Prices may fall further due to cheaper imports from Africa and the arrival of the new crop in November," he said. The output of the new tur crop is seen on the higher side, he said.

As of Sept. 25, the total acreage under tur was up 14% on year at 4.7 million hectares, data from the agriculture ministry showed. The sharp increase in tur acreage across the country this year was mainly on account of the early onset of the southwest monsoon in top tur producing states such as Karnataka. During the previous kharif season, sowing of crops was delayed owing to the erratic monsoon. 

MOONG prices in Solapur, Maharashtra, were steady at INR 7,200-INR 8,300 per 100 kg, according to the association. Prices of moong are expected to stay under pressure this week due to increased arrivals of the new kharif crop in Rajasthan, Maharashtra, and the southern markets, the association said in its weekly outlook. There are sufficient government stocks of moong in Madhya Pradesh and Rajasthan, which will also weigh on prices, it said.  End

Edited by Deepshikha Bhardwaj

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