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Informist, Wednesday, Oct. 16, 2024

By Shreya Shetty

MUMBAI – Prices of chana were down across key spot markets in the country due to sluggish demand, traders said. Prices of tur, moong, and masur were steady, they said.

CHANA prices in Vidisha in Madhya Pradesh were down by INR 100 from Tuesday at INR 7,200-7,225 per 100 kg, Dinesh Mangal, a local trader, said. Arrivals were up by 100 bags at 400 bags (1 bag = 100 kg). "Prices of chana will continue falling for the rest of the week," he said. While some festival demand for Diwali is expected, any rise in prices will be limited and temporary, he said. Prices are seen going below the INR 7,000 per 100 kg mark in the next few weeks, he said. 

Similarly, prices of chana in Akola in Maharashtra were down by INR 25 from Tuesday at INR 7,375-7,400 per 100 kg, according to the India Pulses and Grains Association. Arrivals were down by 200 bags to 400 bags (1 bag = 50 kg).

TUR prices in Kalaburagi in Karnataka were steady at INR 9,042-10,628 per 100 kg, Veerkumar Kadkol, a local trader said. Arrivals were up by 834 bags to 1,196 bags (1 bag = 50 kg). "Prices have temporarily steadied at the lower levels, but they are expected to keep falling even during the next few weeks," he said.

The downtrend in prices is seasonal as buyers hold back from purchases in anticipation of a further fall in prices when the new kharif tur arrives in the markets, Kadkol said. However, expectation of a bumper tur crop is further weighing on prices, he said. "The acreage of the kharif tur this year is double the acreage in the previous year, due to expectations of an overall good crop," he said. The new crops will start hitting markets in the second week of November, he said. Prices of tur could reach the INR 8,000 per 100 kg mark by then, he said. 

Prices of tur in Akola were also steady at INR 9,800-9,825 per 100 kg, according to the association. Arrivals were down by 200 bags at 200 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 6,500-7,500 per 100 kg, Kadkol said. Arrivals were also steady at 3,000 bags (1 bag = 50 kg). "Prices will remain steady for the next few weeks as demand is on a par with supply," he said. Prices of the mill-quality moong ranged from INR 7,000-7,100 per 100 kg, while the superior 'chamki' quality moong is selling at above INR 8,000 per 100 kg, he said. Moong which has been damaged due to heavy rainfall in September due to the late withdrawal of the southwest monsoon is being sold at INR 5,000 per 100 kg, he said.

Prices of moong in Lalitpur in Uttar Pradesh were steady at INR 6,500-7,500 per 100 kg, according to the association. Arrivals were steady at 300 bags (1 bag = 100 kg).

MASUR prices in Vidisha were steady at INR 5,600-6,300 per 100 kg, Mangal said. Arrivals were steady at 300 bags (1 bag = 100 kg). Prices of masur are seen steady for now, he said. Prices could rise by INR 50-100 when festival demand for masur picks up slightly ahead of Diwali, he said. However, the rise in prices would be temporary, he said. 

Prices of moti variety of masur were steady in the key wholesale market of Lalitpur at 5,700-6,000 rupees per 100 kg. Prices of the choti variety were also steady at 6,000-6,400 rupees per 100 kg, according to the association.  End

Edited by Deepshikha Bhardwaj

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