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Informist, Tuesday, Dec. 3, 2024

By Shreya Shetty

MUMBAI – Prices of chana fell in key spot markets across the country due to the availability of cheaper imported chana and yellow peas, while tur declined due to the arrival of the new crop from Karnataka, traders said. Prices of urad were steady, they said.

CHANA prices in Indore in Madhya Pradesh were down by INR 100 from Monday to INR 6,600-6,700 per 100 kg, Kailash Kakani, a local trader said. Prices of domestic chana were down as buyers held back purchases in anticipation of cheaper imports from Australia, Kakani said. The cost and freight prices of the shipments from Australia are making imports cheaper than domestic chana, he said.

Prices are also down due to the availability of yellow peas, which are used as a cheaper alternative to chana, Kakani said. The country imported more than 1 million tonnes of yellow peas in Apr-Sept, according to data from the Ministry of Commerce and Industry. Prices of yellow peas range between INR 3,000-4,000 per 100 kg in the markets, making it significantly cheaper than chana.

However, chana prices in Akola in Maharashtra rose by INR 50 from Monday to INR 6,800-6,825 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Solapur in Maharashtra were down INR 200 from Monday at INR 9,900-10,300 per 100 kg, Rahul Srinivas, a local trader said. The market is getting ample arrivals of the new kharif crop from Karnataka, which is pushing down the prices, Srinivas said.

Prices are also down due to low demand for the new arrivals as they have a higher moisture content, Srinivas said. The new crop has a moisture content of 17%, compared with the acceptable level of 12%, he said. A higher moisture content lowers the quality of the pulse. Prices are expected to be under downward pressure as new arrivals continue hitting the market. Srinavas expects tur prices to fall to INR 8,500 per 100 kg by Jan. 15.

Prices of new tur in Kalaburagi in Karnataka were down INR 200 from Monday to INR 9,800-10,100 per 100 kg, according to the association. The arrivals in Kalaburagi were down by 500 bags to 2,000 bags (1 bag = 100 kg). 

URAD prices in Lalitpur in Uttar Pradesh were steady at INR 6,000-7,000 per 100 kg, according to the association. Arrivals were unchanged at 2,000 bags (1 bag = 50 kg). Prices of urad in Kalaburagi were also steady at INR 7,000-8,000 per 100 kg, according to the association.

Prices of the pulse are expected to fall this week due to the arrival of imported urad from Myanmar and low purchases by millers amid sluggish demand for the processed and gota (hulled urad) varieties in the retail market, the association said in its weekly report released Monday. 

Edited by Saji George Titus

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