More Stories

Informist, Thursday, Oct. 24, 2024

By Shreya Shetty

MUMBAI – Prices of tur were up across key spot markets in the country due to rising demand from millers and a shortage in supply, traders said. Prices of chana and moong were steady, they said.

TUR prices in Solapur in Maharashtra were up INR 100 from Wednesday at INR 10,000-10,400 per 100 kg, Mukesh Sanklecha, a local trader, said. Arrivals were steady at three-four trucks, or 30,000-40,000 kg. Demand from millers has increased amid a shortage in the supply of tur, he said. "Prices have been up by INR 300-400 since Monday due to last-minute buying by millers before they shut shop for Diwali," he said. Millers are also preferring domestic tur over imported tur, he said. "The quality of domestic tur is much better than that of imported ones, and with the festivities drawing close, demand for the former is higher," the trader said. 

Prices of tur are seen rising for the rest of the week, he said. "Next week, if demand stays high, prices could stay in the upper range for the next 10–15 days," he said.

Prices of tur in Kalaburagi in Karnataka were up by INR 100 from Wednesday at INR 10,500-11,289 per 100 kg, according to the India Pulses and Grains Association. Arrivals were down by 482 bags to 200 bags (1 bag = 50 kg).

CHANA prices in Indore in Madhya Pradesh were steady at INR 7,250-7,300 per 100 kg, according to the Association. The prices of chana in Akola in Maharashtra were also steady at INR 7,175-7,200 per 100 kg, according to the Association. Arrivals were down 250 bags to 250 bags (1 bag = 50 kg). Prices have temporarily stabilised, but are expected to fall further in the next few days as millers had already bought chana previously to meet the festival demand for besan, traders said.

The availability of Bharat Dal is also weighing prices down, they said. The Centre resumed sales of its subsidised Bharat brand of chana dal on Wednesday, as it attempts to cool down rising prices of the commodity. The pulse will now be sold at INR 70 per kg, an increase of INR 10 from the earlier price.

MOONG prices in Solapur were steady at INR 7,200-7,900, Sanklecha said. "The government has been actively procuring moong in states such as Karnataka, which has kept prices steady," he said. Currently, demand for moong is lower than its supply, so prices could fall once the government stops procurement, he said.

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

Prices of the November contract of yellow peas on the NCDEX fell 2.28% to INR 3,685 per 100 kg on Thursday. The NCDEX re-launched futures contracts of yellow peas on Oct. 16.  End

Edited by Tanima Banerjee

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2024. All rights reserved.