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Informist, Monday, Nov. 4, 2024

By Shreya Shetty

MUMBAI – Prices of all pulses were flat in key spot markets across the country, traders said. Prices of chana are seen rising this week due to demand for chana seeds for rabi sowing, while tur prices are also expected to rise on demand from millers, they said. Prices of moong could also rise as arrivals start decreasing, they said.

CHANA prices in Akola in Maharashtra were steady at INR 7,100-7,150 per 100 kg, Ankit Kedia, a local trader, said. Arrivals were down by 200 bags from Monday at 300 bags (1 bag = 50 kg). The markets were shut from Tuesday to Sunday for Diwali.

"Prices are steady as demand is on a par with supply, with markets opening after a long holiday," Kedia said. Prices are seen rising for the next 10–12 days on firm demand for chana seeds for sowing, he said. Farmers' purchases of chana seeds are likely to increase as the rabi acreage under chana is expected to rise this season, he said. "Due to plenty of rainfall during the southwest monsoon and good weather conditions currently, chana sowing this year will be more than last year," he said.

Prices of chana in Indore, Madhya Pradesh, were also steady at INR 7,250-7,100 per 100 kg, according to the India Grain and Pulses Association.

TUR prices in Akola were steady at INR 10,800-10,850 per 100 kg, Kedia said. Arrivals were steady at 300 bags (1 bag = 50 kg). Prices are steady as buyers are slowly returning to the markets after the Diwali break, he said. Tur prices are expected to rise this week on demand for millers.

"Millers had shut shop for Diwali with very little stock of tur left for processing. Miller demand is bound to rise so that they can meet the daily demand for processed (split) tur," Kedia said. Prices could increase by 200–500 rupees, after which they would stabilise, he said.

Prices of tur in Kalaburagi, Karnataka, were also steady at INR 10,022-11,359 per 100 kg, according to the association. Arrivals were up by 2,078 bags to 2,801 bags (1 bag = 50 kg). In Kalaburagi, the tur harvest is projected to begin in the first week of December due to a delay in flowering, the association said in a report Friday. The kharif tur crop in Karnataka is healthy, thanks to the favourable weather, the report said. If good weather conditions persist, a good yield is anticipated. 

MOONG prices in Kalaburagi were steady at 6,500-7,500 per 100 kg, according to the association. Arrivals were down by 1,000 bags from Oct. 28 to 2,000 bags. Prices of moong in Solapur, Maharashtra, were also steady at INR 7,200-8,100 per 100 kg, according to the association.

Prices could go up in the next few weeks as arrivals of the kharif moong crop in markets slow down, local traders said. However, the rise in prices could be marginal, and thereafter they are expected to remain steady as no rise in demand is foreseen, they said.  End

Edited by Rajeev Pai

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