More Stories

Informist, Wednesday, Nov. 13, 2024

By Shreya Shetty

MUMBAI – Prices of tur fell in key spot markets across the country due to ample availability of cheaper imports, traders said. Prices of chana were steady in the lower range as demand cooled down post the festive high earlier in the month, while prices of masur were steady, they said.

TUR prices in Solapur in Maharashtra were down by INR 150 from Tuesday to INR 10,200-10,550 per 100 kg, Rahul Srinivas, a local trader said. Arrivals were steady at one-two trucks or 10,000-20,000 kg. "Demand for tur has fallen despite a shortage in the pulse as there are more arrivals of imports," he said. Imports from Myanmar and African nations such as Mozambique are plenty, and are cheaper by INR 2,000 per kg, thus diverting demand away from domestic tur, he said. 

Despite a higher-than-expected production estimate for tur than last year, India's imports of the pulse, which are already high, are seen rising further in the rest of 2024-25 (Apr-Mar) because of insufficient carry-over stocks and lower government buffer, according to analysts and traders. Imports are also seen up as the government will try to reign in the high prices of the pulse, they said.

Prices of tur in Kalaburagi in Karnataka are steady at INR 9,755-11,000 per 100 kg, according to the India Pulses and Grains Association. Arrivals were up by 314 bags from Tuesday to 1,061 bags.

CHANA prices in Vidisha in Madhya Pradesh were steady at INR 7,000 per 100 kg, Dinesh Mangal, a local trader said. "Prices have stabilised in the lower range due to sluggish demand," he said. Prices were bound to be on a downtrend post-Diwali as they cooled down from the temporary festive high, he said. Prices could fall further by INR 100-200 per 100 kg in the next few days, and then stabilise, he said.

Prices of chana are expected to remain under pressure due to weak demand and availability of cheaper yellow peas and chana imports from Australia, the association said in its weekly report.

Prices of chana in Akola in Maharashtra were down by INR 50 from Tuesday to INR 6,975-7,000 per 100 kg, according to the association. Arrivals were steady at 400 bags (1 bag = 50 kg).

MASUR prices in Vidisha are steady at INR 5,600-6,100 per 100 kg, Mangal said. Arrivals were steady at 300 bags (1 bag = 100 kg). "Prices of masur will be steady for the next few months," he said. Stockists and big farmers will soon start offloading their inventory onto the market, but prices will not fall, he said. "States across the country are sowing masur currently, so there are at least three months left till a new crop hits the markets, during which the regular demand will still need to be met," he said. Inventories held by stockists will be enough to fulfil that demand, along with the regular inflow of imports, keeping prices steady, he said.

Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,600-INR 5,950 per 100 kg. Prices of the choti variety were also steady at INR 5,900-INR 6,300 per 100 kg, according to the association.  End

Edited by Vidhi Verma

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2024. All rights reserved.