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Informist, Monday, Dec. 16, 2024

By Shreya Shetty

MUMBAI – Prices of pulses were mixed in spot markets across the country on Monday, traders said. Prices of chana were up due to rise in festival demand and low domestic stocks, they said. Prices of tur fell due to arrivals of the new tur crop from Karnataka, while prices of masur were steady, they said.

CHANA prices in Indore, Madhya Pradesh, were up INR 75 from Friday at INR 6,925-INR 6,950 per 100 kg, Raja Jain, a local trader, said. Prices are up due to rise in demand in south India ahead of Pongal, which will take place from Jan. 14-17, Jain said. Festival demand is expected to support chana prices for at least another 10 days, he said.

Prices are also up due to low stocks of domestic chana, Jain said. "Currently, all the arrivals in the market are inventories being offloaded by stockists and farmers, which are limited," he said.

Similarly, prices of chana in Akola, Maharashtra, were up INR 50 from Friday at INR 6,875-INR 6,900 per 100 kg, according to the India Pulses and Grains Association. Arrivals were steady at 200 bags (1 bag = 50 kg).

Prices of new TUR crop in Akola were down by INR 1,000 from Friday to INR 9,000-9,100 per 100 kg, local trader Ashok Gupta said. "Due to an influx of arrivals of the new kharif crop from Karnataka, prices fell sharply," he said.

Arrivals in the market were 20,000-30,000 kgs, Gupta said. "The supply of new tur from Karnataka is likely to continue arriving in bulk, so I do not see prices rising any time soon," he said.

Prices of new tur at Kalaburagi in Karnataka fell by INR 600 from Friday to INR 8,600-INR 8,800 per 100 kg, according to the association. Arrivals of the new tur rose by 7,500 bags to 12,000 bags (1 bag = 100 kg).

MASUR prices in Indore were steady at INR 6,000-INR 6,100 per 100 kg, Jain said. Prices are steady as the demand for masur is on par with its supply, he said. Prices are expected to stay steady in the long run as there are no anticipated falls or spikes in demand, he said. "Prices may change by INR 50-100, but such movements will be minimal and temporary," he said.

Prices of the moti variety of masur were steady in the key wholesale market of Lalitpur in Uttar Pradesh at INR 5,700-INR 6,050 per 100 kg. Prices of the choti variety were also steady at INR 5,800-INR 6,200 per 100 kg, the association said.  End

Edited by Ashish Shirke

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