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Informist, Thursday, Oct. 10, 2024

MUMBAI – Prices of pulses were mixed in key spot markets of the country today, traders said. Prices of chana were up slightly due to a temporary spike in demand, while prices of tur continued on a downtrend due to low demand, they said. Prices of moong were steady, they said.

CHANA prices in Indore, Madhya Pradesh, were up by INR 50 from Wednesday at INR 7,500-INR 7,525 per 100 kg, Kailash Kakani, a local trader said. "Demand from Delhi has increased and prices rose slightly," he said. However, the spike in demand is temporary and prices may continue falling in the next few days, he said. Chana arrivals in the Indore market have increased, and they could push prices down further, he said. 

However, prices of chana are likely to increase this week as traders expect demand to rise before Dussehra and Diwali, the India Pulses and Grains Association said in its weekly report. The start of rabi sowing could also boost the demand for chana seeds, supporting prices.

Prices of chana at Akola in Maharashtra were up by INR 50 at INR 7,475-INR 7,500 per 100 kg, according to the association. Arrivals fell by 200 bags to 300 bags (1 bag = 50 kg). 

TUR prices in Solapur, Maharashtra, were down by INR 100 at INR 10,400-INR 10,600 per 100 kg, Mukesh Sanklecha, a local trader, said. "Prices of tur will continue on a downtrend for the next few weeks," he said. Though arrivals are low, buyers are holding back from purchases in anticipation of new tur crop arrivals in the second half of November, he said. The condition of the new crop is good, and the arrivals are expected to lower prices further, he said.

Prices of tur in the key market of Kalaburagi, Karnataka, were steady at INR 10,100-INR 11,011 per 100 kg, according to the association. Arrivals were down by 856 bags at 414 bags (1 bag = 50 kg).

MOONG prices in Solapur were steady at INR 7,200-INR 8,300 per 100 kg, Sanklecha said. "A spike in arrivals of the new crop from Rajasthan and Maharashtra had previously lowered prices," he said. Prices are steady now as demand is on a par with supply due to a slight rise in demand during Navratri, he said. Demand for moong and white sago, or sabudana, increases during Navratri as these are consumed during fasting. However, prices may fall once the demand subsides after Dussehra, he said.

Prices of moong in Kalaburagi were steady at INR 6,500-INR 7,500 per 100 kg, according to the association. Arrivals were steady at 3,000 bags (1 bag = 50 kg).  End

Edited by Rajeev Pai

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