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Informist, Friday, Oct. 11, 2024

By Shreya Shetty

MUMBAI – Prices of chana and tur fell across key spot markets in the country, and those of moong were steady, traders said. Markets at Indore in Madhya Pradesh and at Kalaburagi in Karnataka were closed for the Dussehra festival, they said.

CHANA prices at Akola in Maharashtra fell by INR 25 from Thursday to INR 7,475-7,500 per 100 kg, according to the India Pulses and Grains Association. Arrivals were down by 100 bags at 700 bags (1 bag = 50 kg). 

Prices of chana could rise due to Diwali at the end of the month, while the start of rabi sowing could also boost demand for chana seeds, the association said in its weekly outlook. However, the rise in prices may be limited due to imports of chana in November and December, along with the availability of cheaper yellow peas, the report said.

In August, Australia exported 17,884 tonne of chickpeas, the report cited data from the Australian Bureau of Statistics. Exports increased 35% on month, as traders and farmers were eager to offload their chickpea stocks before the new harvest begins in Queensland, the report said. Australia is one of the largest exporters of chana to India.

Prices of chana were unavailable in Indore in Madhya Pradesh as markets were shut on account of Dussehra, said Raja Jain, a local trader.

TUR prices in Akola fell by INR 50 to INR 9,975-10,000 per 100 kg, said Ashok Gupta, a local trader. Arrivals were down by 600 bags to 200 bags (1 bag = 50 kg). "Prices will fall further in the next few days as imports of tur are much cheaper," he said. Cheaper imports of the lemon variety of tur from Burma (Myanmar) are being sold at INR 9,000 per 100 kg in the Mumbai markets, he said.

In the near term, while prices of tur are likely to fall, the association sees Burma lemon tur prices rebounding or finding support due to uncertainties in October deliveries, according to its weekly report. The future of tur prices will also largely depend on the weather in kharif-producing areas during October and November as the crop will be in its flowering stage at that time, the pulses body said.

MOONG prices were unavailable as the key market of Kalaburagi in Karnataka was closed for Dussehra, said Veerkumar Kadkol, a local trader. The market will remain closed till Tuesday, he said.

Prices of moong at Solapur in Maharashtra were steady at INR 7,300-8,200 per 100 kg, according to the association.  End

Edited by Akul Nishant Akhoury

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