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Informist, Wednesday, Dec. 11, 2024

By Shreya Shetty

MUMBAI – Prices of chana rose in some key spot markets across the country due to a temporary rise in demand, traders said. Prices of tur and moong were steady, they said. Prices of tur are expected to resume their downtrend after the arrival of the new kharif crop from Karnataka, they said.  

CHANA prices in Indore, Madhya Pradesh, were up INR 50 at INR 6,550-INR 6,600 per 100 kg, Kailash Kakani, a local trader, said. Prices have improved as demand for chana has risen slightly, Kakani said. However, this rise in demand is temporary, and the downward trend in prices may resume in the next few days, he said.

Prices are likely to be weighed down by the availability of imported chana from Australia, Kakani said. Australia is one of the biggest exporters of chana to India, with exports rising sharply to 109,622 tonnes in October from 25,692 tonnes in September, the India Pulses and Grains Association said in a report. 

While the sowing of chana in the state during the current rabi season has slowed down, Kakani does not see the low acreage affecting prices. "Chana acreage in Madhya Pradesh is low, but a higher acreage in some other states will make up for the difference. The country also has plenty of imports, so a drop in sowing will not influence prices of chana substantially," he said.

On the other hand, prices of chana in Akola, Maharashtra, were steady at INR 6,650-6,675 per 100 kg, according to the association. Arrivals were up 100 bags at 300 bags (1 bag = 50 kg).

Prices of new TUR in Kalaburagi, Karnataka, were steady at INR 9,000-INR 10,200 per 100 kg, Veerkumar Kadkol, a local trader, said. Prices have stabilised temporarily after a downtrend due to a halt in arrivals of the new tur, Kadkol said. "Prices had been falling as arrivals of the new kharif crop hit the markets. However, the region experienced heavy rainfall three days ago, bringing harvesting to a halt," he said. 

"There is a big difference in the price range because tur with less moisture content is being sold at the INR 10,200-per-100-kg level, while those with high moisture content are sold at the INR 9,000-per-100-kg level," Kadkol said. Tur with a moisture content of more than 10% is considered to be of poor quality, hence these are sold at low prices, he said.

Similarly, prices of tur in Akola were steady at INR 9,7000-INR 9,800 per 100 kg, according to the association. Arrivals were up 150 bags at 400 bags (1 bag = 50 kg).

MOONG prices in Kalaburagi were steady at INR 7,000-INR 7,200 per 100 kg, Kadkol said. Prices are expected to remain steady as demand is on par with supply, he said. "Prices were expected to gain some support due to the government's procurement, but due to delayed buying, not much improvement is seen in the pulse prices," he said.

Prices of moong could improve by February or March, when arrivals of the new crop will stop completely, Kadkol said. "During those months, all trading will be done with inventories held by stockists or farmers, so prices could go up," he said.

Similarly, prices of moong in Lalitpur, Uttar Pradesh, were steady at INR 6,500-INR 7,500 per 100 kg, according to the association. Arrivals were steady at 150 bags (1 bag = 50 kg). End

Edited by Tanima Banerjee

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