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Informist, Monday, Dec. 2, 2024

By Shreya Shetty

MUMBAI – Prices of pulses fell in key spot markets across the country, traders said. Prices of chana fell due to the availability of cheaper imports from Australia, they said. Prices of tur fell due to arrivals of the new kharif crop from Karnataka, while prices of moong fell due to weak demand, they said.

CHANA prices in Akola in Maharashtra were down by INR 50-INR 70 from Friday to INR 6,775-INR 6,800 per 100 kg, said Ankit Kedia, a local trader. Arrivals were steady at 500 bags (1 bag = 50 kg). "Demand for domestic chana has fallen due to imports from Australia currently being sold at cheaper prices," Kedia said. Prices are also down due to the availability of yellow peas, a cheaper alternative to chana, he said.

While prices may rise in the next few weeks due to festival demand on account of the Maha Kumbh Mela, which will take place from Jan. 13 to Feb. 26, the rise will only occur in the northern part of the country, Kedia said. "Demand could increase as the north India prepares for the mega festival, but demand in Maharashtra and Karnataka will not be affected," he said. 

Prices of chana at Indore in Madhya Pradesh were down by INR 50 from Friday at INR 6,700-6,750 per 100 kg, according to the India Pulses and Grain Association.

TUR prices in Akola were down by INR 150-INR 200 from Friday at INR 10,000-10,100 per 100 kg, Kedia said. Prices were down due to the arrival of the new kharif tur from Karnataka, he said. The market received around 9,000-10,000 quintals (1 quintal = 100 kg) of the new crop, he said. "In the same period last year, the market had yet to receive any new kharif crop, but this year, the arrivals have been overwhelming, pushing prices down," he said.

Prices are expected to fall to the INR 9,500 per 100 kg in the next few days, Kedia said. "After a few days, stockists, who are currently waiting for prices to fall, will begin their bulk purchases, keeping prices from falling further temporarily," he said. However, once the new tur crop arrivals from Maharashtra commence in January, prices may fall to INR 8,000 per 100 kg by February or March, he said.

Prices of the new tur in Kalaburagi in Karnataka were down by INR 100 from Friday at INR 10,500-10,700 per 100 kg, according to the association. Arrivals of the new tur crop were up by 900 bags to 2,500 bags (1 bag = 100 kg).

MOONG prices in Kalaburagi were down by INR 500 from Friday at INR 7,000-7,500 per 100 kg, according to the association. Arrivals were down by 200 bags to 800 bags (1 bag = 50 kg). On the other hand, prices of moong in Lalitpur in Uttar Pradesh were steady at INR 6,500-7,500 per 100 kg, according to the association. Arrivals were steady at 100 bags (1 bag = 50 kg).

Prices of moong are likely to remain weak in the near term due to a fall in purchases by millers and muted demand for moong mogar (split moong) and dal, the association said in a report on Nov. 25. Consumption in the country has shifted from moong to cheaper alternatives such as moth, chaula, and yellow peas, especially for chaat and namkeen preparations, pushing prices further down, the association said. End

Edited by Akul Nishant Akhoury

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