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Informist, Thursday, Nov. 28, 2024

By Shreya Shetty

MUMBAI – Prices of chana rose in key spot markets across the country due to the wedding season demand amid low stocks, traders said. Prices of tur were up on demand from millers, while prices of moong fell due to higher supply of the pulse, they said.

CHANA prices in Kota, Rajasthan, were up INR 100-INR 200 from Wednesday at INR 7,100-INR 7,200 per 100 kg, said a local trader who did not want to be named. Demand has risen up during the ongoing wedding season amid low stocks of chana, pushing prices up, he said. "Prices of domestic chana have also risen tracking the rise in prices of Australian imports of the pulse," he said.

In the next two months, the trader sees prices of chana on an upward trend due to demand for the Maha Kumbh Mela, which will take place from Jan. 13 to Feb. 26. The major Hindu pilgrimage, which takes place four times every 12 years in Prayagraj (Allahabad), Haridwar, Nashik and Ujjain, will see the attendance of over 250 million people, he said. Demand for chana and besan is likely to increase due to the festivities, he said.

On the other hand, prices of chana in Akola, Maharashtra, were down by INR 25 from Wednesday at INR 6,975-INR 7,000 per 100 kg, according to the India Pulses and Grains Association. Arrivals were steady at 250 bags (1 bag = 50 kg).

TUR prices in Solapur, Maharashtra, were up INR 50-INR 100 from Wednesday at INR 10,000-INR 10,300 per 100 kg, Mukesh Sanklecha, a local trader, said. Arrivals were around 18 trucks, or 18,000 kg, he said. "Demand from millers has pushed prices up," he said. Currently, millers are running low on stocks for the processing pipeline, he added. However, prices could fall once arrivals of the new kharif tur from Karnataka begin in full swing, Sanklecha said. Currently, the Solapur market is receiving small batches of the new tur.

Prices of tur are expected to remain stable to firm in the near term due to the low stocks of lemon and Sudan varieties of the pulse at ports, the association said in a weekly report Monday. Traders believe that demand for the desi variety of tur might increase in the medium term, the association said. 

Prices of the new kharif tur in Kalaburagi, Karnataka, were steady at INR 10,000-INR 11,000 per 100 kg, according to the association. Arrivals were steady at 500 bags (1 bag = 50 kg).

MOONG prices in Akola, Maharashtra, were down by INR 200 from Wednesday at INR 6,500-INR 7,500 per 100 kg, Kirit Mantri, a local trader, said. "Arrivals from Rajasthan are plenty, but demand for moong is sluggish, particularly in Maharashtra and Karnataka," he said. The two states have seen a surplus kharif production of moong this year, which has also affected prices, he said. 

The government's procurement activities should have given a push to prices, but that is yet to happen, Mantri said. "The government's procurement in the state is extremely slow, and their purchases are insufficient to have an impact on market prices," he said. 

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 Tanima Banerjee

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