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Informist, Thursday, Nov. 14, 2024

By Shreya Shetty

MUMBAI – Prices of tur fell in the key spot market of Kalaburagi in Karnataka as arrivals of the new kharif tur commenced from local sources, traders said. Prices of chana were steady at the lower range, they said. Prices of moong were also steady, they said.

TUR prices in Kalaburagi were down by INR 200 from Wednesday at INR 9,909-10,700 per 100 kg, Veerkumar Kadkol, a local trader said. Although arrivals were down by 847 bags to 214 bags (1 bag = 50 kg), the availability of new tur in the market has weighed on prices. "Arrivals of the new kharif crop are slowly coming from the Vijayapura district of the state, pushing prices down," he said.

The new supply is currently very local and limited, and arrivals of the new crop will only begin in full swing by the end of the month, Kadkol said. "Prices could fall by INR 2,000-3,000 per 100 kg by Dec. 15," he said.

Prices of tur at Akola in Maharashtra were down by INR 25 to INR 10,500-10,525 per 100 kg, according to the India Pulses and Grains Association. Arrivals were up by 200 bags at 600 bags (1 bag = 50 kg).

CHANA prices in Indore, Madhya Pradesh, were steady at INR 7,000 per 100 kg, local trader Raja Jain said. Prices had been on a downtrend, but are not seen falling any further, he said. "Prices of chana will hold steady in the lower range for the next few weeks," 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 on Monday. Meanwhile, the sowing of chana in the current rabi season has been delayed in several parts of the country. Overall sowing of chana has reduced, and is progressing slowly, the report said.

Similarly, prices of chana in Akola were steady at INR 6,975-7,000 per 100 kg, according to the association. Arrivals were down by 100 bags to 300 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 7,000-8,000 per 100 kg, Kadkol said. Arrivals were down by 500 bags to 1,500 bags (1 bag = 50 kg). Prices are steady as demand is on par with supply, he said. While arrivals usually decrease by this time of the year, moong production in Rajasthan and Madhya Pradesh was much higher in the current kharif season, keeping prices steady, he said.

According to the first kharif estimates for 2024-25 (Jul-Jun), moong output in Rajasthan is seen at 956,000 tonnes, up from 813,000 tonnes produced last year, while production in Madhya Pradesh is seen rising to 25,000 tonnes from 15,000 tonnes last year.

Prices will remain steady for the next few weeks, he said. "Once arrivals start slowing down, stockists will start offloading their inventory onto the market to meet demand, keeping prices stable," he said.

Prices of moong at Lalitpur in Uttar Pradesh were also steady at INR 6,500-7,500 per 100 kg, according to the association. Arrivals were steady at 150 bags (1 bag = 50 kg). End

Edited by Ashish Shirke

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