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Informist, Tuesday, Nov. 5, 2024

By Shreya Shetty

MUMBAI – Prices of pulses were mixed in key spot markets across the country Tuesday, traders said. Prices of tur rose due to delay of 15 days in harvesting the crop in Karnataka, they said. Prices of chana were down due to anticipation of cheaper imports from Australia, they said, adding that prices of moong were steady. 

TUR prices in Kalaburagi in Karnataka were up by INR 150 from Monday at INR 11,351-11,719 per 100 kg, said Veerkumar Kadkol, a local trader. Arrivals were down by 2,315 bags at 486 bags (1 bag = 50 kg). Prices have risen temporarily due to delay in harvesting the tur crop in Karnataka, he said. "There is a 15-day delay in harvest due to excessive rainfall in October, as well as late flowering stage of the crop. Usually, tur crops start arriving in markets by Nov. 15, but this year, they will only start by the first week of December," he said. 

However, prices might start falling by the end of the week as prices return to pre-Diwali lows, Kadkol said. On Oct. 21, prices of tur stood at INR 9,800-9,850 per 100 kg. Demand is also seen declining as buyers hold off purchases in anticipation of a further drop in prices when the new crop arrives, he said. Prices are estimated to fall by INR 3,000 per 100 kg once the new crops arrive, he said, adding that the acreage of the crop in the state has doubled this year.

Prices of tur in Akola in Maharashtra were steady at INR 10,700-10,750 per 100 kg, according to the India Grains and Pulses Association. Arrivals were down by 50 bags at 250 bags (1 bag = 50 kg).

CHANA prices in Indore in Madhya Pradesh fell by INR 50 from Monday to INR 7,150 per 100 kg, according to the association. Prices in Akola also fell by INR 50 from Monday to INR 7,100-7,125 per 100 kg, according to the association. Arrivals were steady at 300 bags (1 bag = 50 kg). 

Prices have returned to their pre-Diwali downtrend due to anticipated arrivals of chana from Australia, traders said. Australian chana is cheaper due to a drop in shipping rates, they said. Prices are also weighed down by sale of the government's 'Bharat Dal', they said. The Centre resumed sales of its subsidised Bharat brand on Oct. 23 in an attempt to cool rising prices of the commodity.

MOONG prices in Kalaburagi were steady at INR 6,500-7,500 per 100 kg, Kadkol said. Arrivals were steady at 2,000 bags (1 bag = 50 kg). There are no exceptional movements in the market and demand is on a par with supply, he said. Prices could move by INR 50-100, but the difference would be marginal and prices could stay steady for the next few weeks, he said.

Similarly, 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 200 bags (1 bag = 50 kg).  End

Edited by Avishek Dutta

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