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Informist, Monday, Nov. 25, 2024

By Shreya Shetty

MUMBAI – Prices of chana and moong were steady across key spot markets in the country, while tur fell due to the arrival of the new kharif crop from Karnataka, traders said. Chana demand is yet to get a boost from the ongoing wedding season, they said.

CHANA prices in Indore in Madhya Pradesh were steady at INR 6,800-6,850 per 100 kg, Kailash Kakani, a local trader said. Prices are steady as there is regular demand from millers. "We had expected demand to pick up due to the ongoing wedding season, but that is yet to happen," he said. Prices are seen remaining steady for the week, as the millers continue their purchases for the processing pipeline, he said.

Rabi sowing of chana in the state is ongoing, but the acreage is lesser than last year so far, Kakani said. "Some farmers have shifted to wheat from chana," he said. However, the difference in acreage is not seen impacting prices substantially as the sowing in other states such as Maharashtra and Gujarat could cover up the difference, he said.

Prices of chana in Akola in Maharashtra were also steady at INR 6,875-6,900 per 100 kg, according to the India Pulses and Grains Association. Arrivals were down by 100 bags to 300 bags (1 bag = 50 kg).

TUR prices in Akola were down by INR 100-200 from Friday to INR 10,500-10,650 per 100 kg, Ashok Gupta, a local trader said. While arrivals were down by 100 bags to 500 bags (1 bag = 50 kg), they included arrivals of the new kharif tur, he said. "The new crop from Karnataka has started arriving in the market in small batches, pushing prices down," he said. Though the quality of the new tur is not as good due to higher moisture content, better-quality tur is expected to arrive soon, he said.

"Prices will be under proper pressure in the next 15 days when the new kharif arrivals begin in full swing," Gupta said. Arrivals from Maharashtra are expected in January, and prices could fall further then, he said.

On the other hand, prices of tur in Kalaburagi in Karnataka were steady at INR 10,209-10,839 per 100 kg, according to the association. Arrivals were down by 622 bags to 287 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 7,000-8,000 per 100 kg, according to the association. Arrivals were steady at 1,000 bags (1 bag = 50 kg). Prices of moong were also steady in Lalitpur in Uttar Pradesh at INR 6,500-7,500 per 100 kg, according to the association. Arrivals were down by 50 bags to 100 bags (1 bag = 50 kg).

Inactive stockists and ample government stocks may put pressure on prices, according to the association's weekly report. Prices could also fall due to higher kharif production of moong this year. The agriculture ministry estimates kharif production of the pulse to rise by nearly 20% on year to 1.4 million tonnes.

The National Agricultural Cooperative Marketing Federation of India has procured 54,976 tonnes of moong as of Nov. 18, which is 19.4% of the 282,973 tonnes approved by the Centre under the price support scheme, according to data released by the federation.  End

Edited by Saji George Titus

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