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Informist, Monday, Dec. 23, 2024

By Shreya Shetty

MUMBAI – Prices of all pulses were flat in key spot markets across the country, traders said. Prices of chana were stable because though demand was up slightly, it was not enough to boost prices, they said. Prices of tur were stable, but seen falling further due to new arrivals of the kharif crop. Prices of masur were also steady, they said.

CHANA prices in Indore in Madhya Pradesh were steady at INR 6,725-INR 6,750 per 100 kg, Raja Jain, a local trader, said. Prices are stable due to a slight rise in demand, he said. "Demand is up, but it is not substantial enough to raise prices--it has only temporarily stabilised prices which had been on a downtrend for a few days," he said.

Jain does not see a further rise in demand anytime soon. Prices are bound to resume the downtrend due to sluggish demand from millers, he said. However, prices will not fall below the INR 6,000 per 100 kg level, he said. "Sellers will resist lower prices as they do not want to incur losses," he said.

Prices of chana in Akola in Maharashtra were steady at INR 6,700-INR 6,725 per 100 kg, according to the India Pulses and Grains Association. Arrivals were down by 100 bags from Friday to 150 bags (1 bag = 50 kg).

Prices of the new TUR in Kalaburagi in Karnataka were steady at INR 6,011-INR 8,216 per 100 kg, with arrivals up by 321 bags to 1,787 bags (1 bag = 100 kg), according to the association. On the other hand, prices of tur in Solapur in Maharashtra were down by INR 200 from Friday to INR 7,200-INR 7,500 per 100 kg, with arrivals of 90-100 trucks, or 90,000-100,000 kg of new tur, according to the association.

Prices of tur are expected to remain low in the near term due to increasing arrivals of the new kharif crop and a fall in buying interest, the association said in its weekly report on Monday. Prices could also be weighed down by weak market sentiment, as pulses traders face significant losses due to the new arrivals, the report said.

MASUR prices in Indore were steady at INR 6,000-INR 6,050 per 100 kg, Jain said. Prices are steady as the demand for masur is on a par with its supply, he said. Prices are expected to stay steady for the next few weeks as there are no falls or spikes in demand anticipated, he said. Even if there is a rise in demand, it would be temporary, and prices would remain unaffected, 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 Rajeev Pai

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