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Informist, Monday, Oct. 28, 2024

By Shreya Shetty

MUMBAI – Prices of chana were up in key spot markets in the country due to last-minute Diwali demand, while prices of tur rose due to a shortage in supply, traders said. Prices of moong were stable, they said.

CHANA prices in Indore, Madhya Pradesh, were up by INR 125 from Friday at INR 7,275-7,300 per 100 kg, Kailash Kakani, a local trader, said. "Demand from Delhi side has risen today due to last-minute buying for Diwali," he said. However, the rise in demand is temporary, and prices are expected to return to a downtrend, he said. Prices of chana had reached the INR 7,175-7,200 per 100 kg mark in Indore last week, after falling continuously for two weeks. Prices could fall again as stockists are offloading chana in fear of a further drop in prices, he said. 

Similarly, prices of chana in Maharashtra's Akola were up by INR 50 from Friday at INR 7,175-7,200 per 100 kg, according to the India Pulses and Grains Association. Arrivals were steady at 500 bags (1 bag = 50 kg).

TUR prices in Kalaburagi in Karnataka were up by INR 150-175 from Friday at INR 10,082-11,552 per 100 kg, said Veerkumar Kadkol, a local trader. Arrivals were up by 423 bags at 723 bags (1 bag = 50 kg). Prices have been on an upward trend due to a shortage of domestic tur, as well as imported tur, he said. "With a shortage in tur, buyers are willing to pay higher prices for whatever stocks they can get to fulfil festival demand ahead of Diwali," he said.

Prices are also supported by the Andhra Pradesh and Tamil Nadu governments issuing tenders for procurement of the newly harvested tur, he said. "Prices could continue rising for the next 10–15 days," Kadkol said.

Prices of tur in Akola were up by INR 150 from Friday at INR 10,800-10,850 per 100 kg, according to the association. Arrivals were up by 300 bags at 800 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 6,500-7,500 per 100 kg, Kadkol said. Arrivals were down by 1,000 bags at 2,000 bags (1 bag = 50 kg). "Prices are steady as demand is on par with supply," he said. The government's procurement activities in the state have failed to give prices a boost as procurement has been in small amounts, he said. Prices could go down by INR 100-200 in the next few weeks once the festival demand subsides, 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 250 bags (1 bag = 50 kg). End

Edited by Avishek Dutta

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