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Informist, Friday, Oct. 25, 2024

By Shreya Shetty

MUMBAI – Prices of pulses were mixed in key spot markets in the country today, traders said. Prices of chana were down due to low demand and the availability of Bharat Dal chana at cheaper rates, they said. Tur prices continued to rise due to demand from millers, while moong prices were steady, they said. 

CHANA prices in Kota in Rajasthan were down INR 100 from Thursday at INR 6,000-6,400 per 100 kg, a local trader said. Arrivals were up by 200 bags at 600 bags (1 bag = 50 kg). Demand for chana is low as mills will shut for Diwali soon and therefore are not buying the pulse now for processing, the trader said.

Further, the availability of Bharat Dal, under which the government sells chana dal at INR 70 per kg, is also pushing down the prices, the trader said. The government is also selling the whole chana at INR 58 per kg. Under the 'Bharat Dal' plan, the government supplies chana at subsidised rates.

Last year, the government sold chana at INR 60 per kg, but this year, due to an increase in retail prices, the government increased the prices to INR 70 per kg. According to the Department of Consumer Affairs, the daily average retail price of chana dal was INR 92.87 per kg on Friday, up 12.4% from a year ago.  

Prices are not seen rising any time soon as cheaper imports of chickpeas from Australia are likely to be available in November at INR 5,400 per 100 kg, the trader said. 

Prices of chana in Indore in Madhya Pradesh were also down INR 100 from Thursday at INR 7,125-7,150 per 100 kg, according to the India Pulses and Grains Association. 

TUR prices in Akola in Maharashtra were up INR 50 from Thursday at INR 10,400-10,450 per 100 kg, according to the association. Arrivals were down by 600 bags to 500 bags (1 bag = 50 kg). Prices of tur in Kalaburagi in Karnataka were steady at INR 9,011-11,304 per 100 kg, according to the association. Arrivals were up by 100 bags to 300 bags (1 bag = 50 kg). 

Tur prices are likely to get support ahead of Diwali owing to demand from millers for crushing and low stocks of domestic tur and the lemon variety imported from Myanmar, the association said in its weekly report. Prices are also likely to increase as heavy rainfall in Karnataka is likely to damage the crop and delay harvest, the report said.

MOONG prices in Akola were steady at INR 6,000-8,000 per 100 kg, Kirit Mantri, a local trader said. "There are plenty of arrivals from Rajasthan, but prices are not falling as the government is actively procuring moong from several states," he said. Registrations of farmers in Rajasthan are ongoing and the procurement in the state will also start soon, he said. Prices are seen steady for the next 15 days, he said. "Prices could rise after 15 days as supplies reduce and the demand for the wedding season picks up," 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).

The price of the November contract of yellow peas on the NCDEX opened at INR 3,682 per 100 kg and closed at INR 3,685 per 100 kg, down 0.1% from the previous close. End

Edited by Saji George Titus

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