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Informist, Thursday, Nov. 7, 2024

By Shreya Shetty

MUMBAI – Prices of tur were up in key spot markets across the country due to a shortage in supply, traders said. Prices of chana and moong were steady, though the prices of the former could fall in coming days on account of sluggish demand, they said.

TUR prices in Solapur in Maharashtra rose INR 50 on Thursday to INR 10,300-11,000 per 100 kg, Mukesh Sanklecha, a local trader said. Arrivals were steady at two to three trucks (20,000 to 30,000 kg). "Shortage of tur across the country is the main reason for higher prices," he said. Some demand from millers is also supporting prices, as there is a shortage of pulses for processing. The demand is not high, but the strain on supply is driving up prices, he said. Prices are seen rising for the next few weeks, he said. 

Similarly, prices of tur in Akola in Maharashtra were up INR 50 at INR 10,800-10,850 per 100 kg, according to the India Pulses and Grains Association. Arrivals were up by 100 bags at 600 bags (1 bag = 50 kg). 

CHANA prices in Indore in Madhya Pradesh were steady at INR 7,225-7,250 per 100 kg, Kailash Kakani, a local trader said. "Prices are steady for today, but will soon start falling due to sluggish demand," he said. Demand is quickly fading after a temporary rise during the festive season, he said. Prices of chana typically fall after Diwali every year, he said. Arrivals are high as stockists are offloading stocks in fear of a further fall in prices, he said.

Prices of chana in Akola were up by INR 50 at INR 7,225-7,250 per 100 kg, according to the association. Arrivals are steady at 300 bags (1 bag = 50 kg).

MOONG prices in Solapur were steady at INR 6,100-8,600 per 100 kg, Sanklecha said. Arrivals were steady at one to two trucks (10,000 to 20,000 kg), he said. Prices of moong are steady as demand is on par with supply, he said. Prices are expected to stay steady for the time being as supply and demand are likely to be balanced, he said. Unpolished moong is being sold at the lower band of prices and the superior polished moong is sold at the upper end of the range, he said.

Prices of moong in Lalitpur in Uttar Pradesh were also 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 Saji George Titus

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