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Informist, Friday, Nov. 8, 2024

By Shreya Shetty

MUMBAI – Prices of tur were down across key spot markets in the country Friday, but are expected to rise due to a shortage in the pulse and a delay in the harvest of the crop in Karnataka, traders said. Prices of chana were down due to the availability of cheaper yellow peas and imports from Australia, while prices of masur were steady, they said.

TUR prices in Akola, Maharashtra, were down by INR 50 from Thursday at INR 10,700-INR 10,800 per 100 kg, Ashok Gupta, a local trader, said. Arrivals were down by 100 bags at 200 bags (1 bag = 50 kg). The fall in prices is temporary, he said. "The tur market is currently tight as there is a shortage of tur," he said. There are low stocks in domestic markets, and no inventories are left with any stockists, he said.

Prices are alsoexpected to rise due to a delay in the harvest of the kharif tur crop in Karnataka. Due to a delay in flowering stage, the harvest crop in the state is expected to commence between Nov. 20-25, according to a report by the India Pulses and Grains Association. "The first arrivals of the crop are likely to begin in the first week of December," Gupta said. The delay in harvest could make the market see a prolonged period of shortage, he said.

Prices of tur in Kalaburagi, Karnataka, were up by INR 150 from Thursday to INR 10,655-11,423 per 100 kg, according to the association. Arrivals were up by 1,602 bags at 2,102 bags (1 bag = 50 kg).

CHANA prices in Indore, Madhya Pradesh, were down by INR 50 from Thursday to INR 7,150-INR 7,200 per 100 kg, Raja Jain, a local trader, said. "Demand for desi chana is sluggish despite a shortage in the pulse," he said. The availability of yellow peas is diverting demand away from desi chana, he said. Yellow peas are a cheaper substitute for chana as their prices are much lower, ranging from INR 3,000-INR 4,000 per 100 kg, according to the association.

Imports of chana from Australia are also pulling prices of desi chana down, Jain said. Prices of Australian imports are expected to fall further due to more arrivals from the country, he said. Currently, prices of Australian chana are marginally cheaper at INR 6,000-7,000 per 100 kg, according to the association.

MASUR prices in Indore are steady at INR 6,000-6,100 per 100 kg, according to Jain. "There are no unusual spikes or falls in the masur market. Demand is on par with supply," he said. The country has plenty of arrivals from both the domestic markets and imports, he said. Prices are seen steady for the next few weeks, he said. 

Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,700-INR 6,000 per 100 kg. Prices of the choti variety were also steady at INR 6,000-INR 6,300 per 100 kg, according to the association.  End

Edited by Tanima Banerjee

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