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Informist, Friday, Nov. 29, 2024

By Shreya Shetty

MUMBAI – Prices of pulses showed a mixed trend across key spot markets in the country Friday, traders said. Prices of chana rose due to low domestic supply of the pulse, they said. Prices of tur were down, while those of urad were steady, they said.

CHANA prices in Vidisha in Madhya Pradesh were up by INR 50-100 from Thursday at INR 7,000 per 100 kg, Dinesh Mangal, a local trader said. "There is a shortage of domestic chana in the markets, which is pushing up prices," Mangal said. There are no fresh arrivals of the pulse, only the inventories are being offloaded by stockists and farmers, he said.

Prices may rise up to INR 7,200 per 100 kg, but not more than that, Mangal said, adding they will be range-bound in the short term. "While there is low supply, the demand is also not strong to push prices up too much," he said.

On the other hand, prices of chana in Akola in Maharashtra fell by INR 50 from Thursday to INR 6,900-6,925 per 100 kg, according to the India Pulses and Grains Association. Arrivals were up by 150 bags to 400 bags (1 bag = 50 kg).

TUR prices in Akola were down by INR 50 from Thursday at INR 10,200-10,250 per 100 kg, according to the association. Arrivals were down by 100 bags to 500 bags (1 bag = 50 kg). Prices of the new kharif tur in Kalaburagi in Karnataka were up by INR 500 from Thursday to INR 10,700-10,800 per 100 kg, with arrivals up by 100 bags to 600 bags (1 bag = 100 kg). Prices of the old tur in Kalaburagi were down by INR 200 at INR 9,800-10,613 per 100 kg, with arrivals down by 87 bags to 413 bags (1 bag = 50 kg).

Traders in Akola believe that prices may soften with huge arrivals in mandis in the medium term. "Price softness in tur is expected from mid-February to March," the association said in its weekly report released on Monday. Until then, demand from millers is expected to continue, it added. 

URAD prices in Lalitpur in Uttar Pradesh were steady at INR 6,000-7,500 per 100 kg, according to the association. Arrivals were steady at 1,500 bags (1 bag = 50 kg). Prices of urad in Solapur in Maharashtra were steady at INR 6,100-8,300 per 100 kg, according to the association.

Urad prices may stay weak this week due to pressure from Myanmar imports, the association said in its weekly report. In Apr-Sept, urad imports rose 65% to 396,391 tonnes from 240,298 tonnes a year ago. Imports from Myanmar were at 377,386 tonnes during the same period.
 
Moreover, weak demand from millers and the availability of cheaper domestic urad in Uttar Pradesh, West Bengal, and Odisha, is weighing on market sentiment.  End

Edited by Vandana Hingorani

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