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Informist, Tuesday, Nov. 12, 2024

By Shreya Shetty

MUMBAI – Prices of chana and tur fell in key spot markets across the country due to the availability of cheaper imports from Australia and Myanmar respectively, traders said. Prices of urad were steady in the lower range, they said.

CHANA prices in Akola, Maharashtra, were steady at INR 7,000-INR 7,025 per 100 kg, Ankit Kedia, a local trader, said. Arrivals were steady at 400 bags (1 bag = 50 kg). Prices have temporarily stabilised, but could continue falling in the next few days, he said. "The farmers' demand for chana seeds for rabi sowing has fallen, lowering prices," he said.

The availability of cheaper, good quality Australian chana is also diverting demand away from domestic chana, Kedia said. The prices of Australian chana arriving next month are cheaper by INR 1,000 per 100 kg, he said. Prices are also weighed down as big traders and stockists are offloading their inventory onto the market in fear of a further fall in prices, he said.

However, prices of chana in Indore, Madhya Pradesh, were up by INR 50 from Monday at INR 6,950-INR 7,000 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Akola were down by INR 150 from Monday at INR 10,500-INR 10,550 per 100 kg, Kedia said. Arrivals were steady at 400 bags (1 bag = 50 kg). Prices of domestic tur have fallen due to a fall in prices of the pulse imported from Myanmar, he said. "The lemon variety of tur from Myanmar arriving in January are priced at INR 7,800 per 100 kg, which is much cheaper than domestic tur," he said.

Prices are also down as buyers are holding back from purchases in anticipation of a further fall in prices when the new crop from Karnataka begins arriving at the end of the month, he said. However, the fall in prices could be limited once demand for the new crop begins in full swing, he said.

Prices of tur in Kalaburagi, Karnataka, were down by INR 150-INR 200 from Monday at INR 9,000-INR 10,911 per 100 kg, according to the association. Arrivals were down by 664-747 bags (1 bag = 50 kg).

URAD prices in Vidisha, Madhya Pradesh, were steady at INR 6,000-INR 7,000 per 100 kg, Prem Kogta, a mill owner, said. Arrivals were steady at 200 bags (1 bag – 100 kg). "Prices are steady at a lower range currently due to lower import prices," he said. Prices of urad imports arriving in the country via the Chennai port have fallen by INR 150-INR 200 to INR 9,000 per 100 kg, he said. Low demand also weighed on prices, he said. "Demand is always low for eight to nine days post-Diwali, as it comes down from its temporary high," he said.

Prices of urad in Lalitpur, Uttar Pradesh, were steady at INR 6,000-INR 8,000 per 100 kg, according to the association. Arrivals were steady at 2,000 bags (1 bag = 50 kg).  End

Edited by Tanima Banerjee

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