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Informist, Wednesday, Dec. 4, 2024

By Shreya Shetty

MUMBAI – Prices of chana rose slightly in key spot markets of the country due to rise in demand amid low supply, traders said. Prices of tur were steady due to arrival of the new kharif crop. Prices of moong were also steady, they said.

CHANA prices in Kota, Rajasthan, were up INR 50 from Tuesday at INR 6,200-INR 6,300 per 100 kg, a local trader who does not want to be named said. "Demand has risen amid low stocks of domestic chana in the market, pushing prices up slightly," he said. However, demand is currently not substantial enough for prices to rise from their lower range, he said.

Demand is expected to pick up in north India due to the Maha Kumbh Mela which will take place from Jan. 13 to Feb. 26. The Hindu pilgrimage, which takes place four times every 12 years at Prayagraj in Allahabad, Haridwar, Nashik and Ujjain, is expected to be attended by over 250 million people, he said.

In Indore, Madhya Pradesh, prices of chana were steady at INR 6,700-INR 6,750 per 100 kg, according to the India Pulses and Grains Association.

TUR prices in Solapur, Maharashtra, were steady at INR 9,600-INR 10,300 per 100 kg, local trader Ashok Gupta said. Prices have stabilised after falling due to arrival of the new kharif tur from Karnataka, Gupta said. Prices are not falling further due to demand from millers, who need stocks for regular processing, he said. "Tur prices could fall to the INR 9,000 per 100 kg next month when arrivals of the new tur crop from Maharashtra begin," he said.

Similarly, prices of the new tur crop in Kalaburagi in Karnataka were steady at INR 9,800-10,000 per 100 kg, according to the association. Arrivals were down by 1,100 bags to 900 bags (1 bag = 100 kg).

MOONG prices in Lalitpur, Uttar Pradesh, were steady at INR 6,500-INR 7,500 per 100 kg, according to the association. Arrivals were up by 50 bags at 150 bags (1 bag = 50 kg). Prices of moong in Latur, Maharashtra, were also steady at INR 7,000-INR 8,100 per 100 kg, according to the association. Arrivals were steady at 200 bags (1 bag = 50 kg).

The National Agricultural Cooperative Marketing Federation of India has procured 90,716.32 tonnes of moong as of Monday, which is around 27% of the Centre-approved quantity of 334,416 tonnes under the price support scheme, according to data released by the federation. NAFED has bought 64,658.83 tonnes of moong in Rajasthan, which is 27% of the sanctioned quantity of 238,988 tonnes. In Karnataka, moong procurement was 25,041.05 tonnes out of the total approved 38,320 tonnes.

Moong procurement in Telangana as of Monday stood at 990.44 tonnes against 4,715 tonnes, while procurement of moong in Maharashtra stood at 26 tonnes, out of the 29,108 tonnes approved by the government. The federation has not yet begun procuring moong in Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, and Haryana, the data showed.  End

Edited by Ashish Shirke

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