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Informist, Friday, Dec. 13, 2024

By Shreya Shetty

MUMBAI – Prices of chana rose in key markets across the country on Friday as they tracked the rise in prices of imported chana from Australia, while prices of tur rose due to a temporary disruption in supply from Karnataka, traders said. Prices of moong were steady, they said.

CHANA prices in Vidisha in Madhya Pradesh were up by INR 100-150 per 100 kg to INR 6,600-6,675 per 100 kg, Dinesh Mangal, a local trader said. Prices are up as they are tracking a rise in prices of imported chana from Australia, he said. "Stockists and farmers are also resisting selling the pulse at lower prices, leaving no alternative for buyers but to purchase at raised prices," he said.

However, the rise in prices is expected to be temporary, Mangal said. The availability of imports from Australia, as well as yellow peas, will hamper a further rise in the demand for domestic chana, he said. Yellow peas are used as a cheaper alternative to chana. 

The country imported more than 1 million tonnes of yellow peas in Apr-Sept, according to data from the Ministry of Commerce and Industry. According to media reports, the government is considering extending the duty-waiver on yellow pea imports for a few months, possibly until February. The government had in September extended the duty waiver on yellow pea imports till Dec. 31 to control high prices of tur and chana as yellow pea is a substitute for both pulses.

Prices of chana in Akola in Maharashtra were up by INR 25 from Thursday at INR 6,700-6,725 per 100 kg, according to the India Pulses and Grains Association. Arrivals were down by 100 bags to 200 bags (1 bag = 50 kg).

Prices of new TUR in Solapur in Maharashtra were up by INR 100 from Thursday to INR 9,000-10,400 per 100 kg, Mukesh Sanklecha, a local trader said. Prices of old tur were also up by INR 100 to INR 9,500-9,800 he said. "There was a shortage of new tur arrivals for a few days in the market due to a halt in supply from Karnataka, pushing prices up," he said.

Karnataka experienced heavy rainfall earlier this week, bringing the harvest and transportation of the new kharif tur to a halt, Sanklecha said. However, the rise in prices is unlikely to sustain as supply has resumed, he said. Prices are expected to fall significantly in the next 10–15 days as the market receives bulk arrivals of the new crop from Karnataka, he said.

Prices of the new tur in Kalaburagi in Karnataka were up by INR 100 from Thursday to INR 9,500-10,100 per 100 kg, according to the association. Arrivals of the new tur were up by 2,000 bags to 4,500 bags (1 bag = 100 kg).

MOONG prices in Solapur were steady at INR 7,200-8,400 per 100 kg, Sanklecha said. "Prices should have risen as arrivals of the new kharif moong have dropped," he said. However, subdued demand kept prices stable, he said. Prices are likely to remain flat for at least one more month, he said. 

Prices of moong in Lalitpur in Uttar Pradesh were steady at INR 6,000-7,500 per 100 kg, according to the association. Arrivals were steady at INR 150 bags (1 bag = 50 kg). End

Edited by Saji George Titus

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