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Informist, Friday, Oct. 4, 2024

By Shreya Shetty

MUMBAI – Prices of chana were down across major markets in the country, traders said. Prices of tur, moong, and masur were steady, they said.

CHANA prices in Indore, Madhya Pradesh, were down INR 75-INR 100 from Thursday to INR 7,450-INR 7,600 per 100 kg, Raja Jain, a local trader, said. "Demand will be sluggish until mid-October, when buying for Diwali could pick up," he said. However, the upside in chana prices would be limited as demand for the pulse is only need-based, he said. Stockists have already bought chana in bulk for festival needs, he said.

Similarly, chana prices in Akola, Maharashtra, were down INR 100 from Thursday at INR 7,600-INR 7,625 per 100 kg, according to the India Pulses and Grains Association. Arrivals were up 300 bags (1 bag = 50 kg) at 700 bags. 

Prices of chana could be supported due to a rise in demand for chana seeds in anticipation of better returns from crops, according to the India Pulses and Grains Association's weekly report. Moreover, after the festival season, demand will remain firm during the wedding season and support prices in the long run, the report said.

TUR prices in Solapur, Maharashtra, were steady at INR 10,500-INR 10,800 per 100 kg, Rahul Srinivas, a local trader said. Arrivals were steady at four-to-five trucks. "Prices have settled in the lower range due to persistent low demand," he said. Pulses like tur also see low buying activity as demand is diverted to sabudana, or sago, during Navratri, he said.

Tur prices are likely to be on the downtrend due to increasing imports of cheaper tur from Africa and anticipation of higher production amid an increase in kharif tur sowing compared to last year, the association said in its weekly report. Demand, on the other hand, will be need-based and minimal, which will weigh on prices, it said. 

Prices of tur in Akola were steady at INR 10,500-INR 10,550 per 100 kg, according to the association. Arrivals increased by 400 bags (1 bag = 50 kg) to 800 bags.

MOONG prices in Lalitpur, Uttar Pradesh, were steady at INR 7,200-INR 7,800 per 100 kg, the association said. Arrivals were steady at 250 bags (1 bag = 50 kg). Moong acreage in the country has increased this year, and the government is selling older stocks in Madhya Pradesh at lower rates, which could weigh on prices, the association said in its weekly release. The arrivals of average quality moong with a higher moisture content from Maharashtra and the southern markets due to rainfall during harvesting were higher, while arrivals of good quality were lower. Moong with higher moisture content were selling at lower prices, the pulse body said.

MASUR prices in Indore were steady at INR 6,000-INR 6,100 per 100 kg, Jain said. "Masur prices could continue to be steady in the long term," he said. Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur at INR 5,600-INR 5,850 per 100 kg. Prices of the choti variety were also steady at INR 6,100-INR 6,400 per 100 kg, according to the association.  End

Edited by Manisha Baxla

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