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Informist, Thursday, Dec. 19, 2024

By Shreya Shetty

MUMBAI – Prices of tur fell in key spot markets across the country due to arrivals of the new kharif crop from Karnataka, as well as the commencement of small arrivals of the new crop from Maharashtra, traders said. Prices of chana were down due to a seasonal slowdown in demand, while prices of moong were steady, they said.

Prices of the new TUR crop in Solpaur in Maharashtra were down by INR 500 from Wednesday at INR 7,800-INR 8,400 per 100 kg, said Mukesh Sanklecha, a local trader. The market received 80–90 trucks, or 80,000-90,000 kg of the new kharif tur, he said.

"Prices are under pressure due to the arrivals of the new crop from Karnataka," Sanklecha said. Major trading hubs in Karnataka have received large amounts of new crop arrivals, which will weigh on prices in the coming days, he said. "Small arrivals of the new crop from Maharashtra have also started hitting the markets, pushing prices down further," he said.

In the next 15 days, arrivals from all major tur-producing states will increase, Sanklecha said. By then, prices could fall by another INR 1,000 per 100 kg, he said.

Similarly, prices of the new tur in Kalaburagi in Karnataka fell by INR 200-INR 250 from Wednesday to INR 7,000-INR 8,723 per 100 kg, according to the India Pulses and Grains Association. Arrivals of the new tur were down by 6,581 bags at 1,419 bags (1 bag = 100 kg). 

CHANA prices in Akola in Maharashtra were down by INR 50 from Wednesday at INR 6,750-INR 6,700 per 100 kg, according to the association, with arrivals up by 300 bags at 500 bags (1 bag = 50 kg). Prices of chana in Indore in Madhya Pradesh were down by INR 25 from Wednesday at INR 6,700-INR 6,750 per 100 kg, according to the association. 

Demand for chana sees a seasonal drop at the end of the year, pushing prices down, said Kailash Kakani, a local trader. Prices could fall to INR 5,000 per 100 kg levels in another month, he said.

The market will closely monitor the progress of rabi sowing of chana, weather conditions, and the crop yields in Jan-Feb, the association said in its weekly report on Monday. According to the data from the Ministry of Agriculture, the rabi acreage of chana was at 8.6 million hectares as of Dec. 9, up 7.1% from a year ago.

MOONG prices in Solapur were steady at INR 7,200-INR 8,400 per 100 kg, Sanklecha said. "While prices should have risen due to a slowdown in arrivals, demand is on par with the drop in supply, thus keeping prices steady," he said. 

Sanklecha does not expect any movement in prices in the next few weeks. However, prices could rise by mid-January, when arrivals of the kharif crop stop completely, he said.

Prices of moong in Kalaburagi were also steady at INR 6,500-7,500 per 100 kg, according to the association.  End

Edited by Avishek Dutta

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