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Informist, Tuesday, Oct. 22, 2024

By Shreya Shetty

MUMBAI – Prices of pulses were mixed in key spot markets in the country today, traders said. Prices of chana continued to be on a downtrend due to an increase in supply, they said. Prices of tur were up due to low stocks and rising prices of imported tur, while those of moong were steady, they said.

CHANA prices in Indore, Madhya Pradesh, were down INR 100 from Monday at INR 7,275-7,300 per 100 kg, Kailash Kakani, a local trader said. Prices are down as arrivals of chana in the market have increased, he said. "Stockists are offloading their chana stocks in fear of a further drop in prices," he said. Prices are seen on a downward trend for the rest of the week, he said. Prices could touch the INR 6,000 per 100 kg mark in the next two months, he said. 

Similarly, prices of chana in Akola, Maharashtra, were down INR 100 from Monday at INR 7,275-7,300 per 100 kg, according to the India Pulses and Grains Association. Arrivals were steady at 600 bags (1 bag = 50 kg).

TUR prices in Solapur, Maharashtra, were up INR 150 from Monday at INR 9,500-10,150 per 100 kg, Rahul Srinivas, a local trader said. Arrivals were steady at two-three trucks or 20,000-30,000 kg. "Prices have risen as heavy rainfall in Karnataka has disrupted the supply from the state, reducing tur arrivals amid a shortage in stocks," he said. The Solapur market receives most of its tur arrivals from Karnataka. The excessive rainfall in the state has also caused damage to the tur crops, but the extent of damage can only be known after Diwali, he said. 

The state governments of Andhra Pradesh and Tamil Nadu have issued tenders for the procurement of tur, which is supporting prices, Srinivas said. Prices have also risen because of a rise in prices of imported tur, he said. "Prices of tur imported from Myanmar and African countries have risen by INR 400 in the last few days, thus increasing the demand for domestic tur," he said. 

Prices of tur in Kalaburagi, Karnataka, were steady at INR 9,969-10,611 per 100 kg, according to the association. Arrivals were down 200 bags at 400 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 6,500-7,500 per 100 kg, according to the association. Arrivals were steady at 3,500 bags (1 bag = 50 kg). Prices of moong in Lalitpur in Uttar Pradesh were also steady at INR 6,500-7,500 per 100 kg, according to the association. Arrivals were steady at 250 bags (1 bag = 100 kg). Prices of moong are expected to remain steady for now as arrivals of the new crop are slowing down and demand is on par with supply, traders said.  End

Edited by Manisha Baxla

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