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Informist, Tuesday, Dec. 24, 2024

By Shreya Shetty

MUMBAI – Prices of all pulses were steady in key spot markets across the country, traders said. Prices of chana were stable, but are seen falling further due to the availability of imports from Australia and cheaper yellow peas, they said. Prices of tur were stable after a steep downtrend due to arrivals of the new kharif crop, while prices of masur were also steady, they said.

CHANA prices at Akola in Maharashtra were steady at INR 6,725-INR 6,750 per 100 kilograms, said Ankit Kedia, a local trader. Arrivals were up by 150 bags to 300 bags (1 bag = 50 kg). The downtrend in prices has halted due to a slight rise in demand from millers, he said. However, the demand is temporary, as cheaper Australian imports and the availability of yellow peas is diverting buyers away from domestic chana, he said.

In Apr-Oct, India imported 96,103.03 tonnes of chana from Australia, according to data from the Ministry of Commerce and Industry, making Australia the largest exporter of chana to India so far. During the same period, India imported 1.3 million tonnes of yellow peas in total, the data showed. 

Prices are seen falling further in the next few weeks, reaching INR 6,000 per 100 kilogram, but not falling beyond that level, Kedia said. "The market will resist extremely low prices as sellers do not want to incur huge losses," he said. 

Similarly, prices of chana in Indore in Madhya Pradesh were steady at INR 6,725-INR 6,750 per 100 kg, according to the India Pulses and Grains Association.

Prices of the new TUR in Akola were steady at INR 8,000 per 100 kg, Kedia said. Arrivals were up by 50 bags to 150 bags (1 bag = 100 kg). "Prices have now stabilised after falling continuously due to arrivals of the new kharif tur from Karnataka," he said. Prices of tur in the week ended Saturday in the market fell sharply by INR 1,800 from the previous week, according to data from the association.

Prices are not seen rising for the next few weeks, Kedia said. "There is no substantial demand for tur in the market currently, as buyers are holding back purchases in anticipation of better quality tur arrivals," he said. The new kharif arrivals in the market have a moisture content of 15-17%, which lowers the quality of the pulse.

Sluggish retail demand for tur could also keep prices low, he said. "Markets are receiving ample supplies of fresh harvests of vegetables, especially green vegetables currently, making them much cheaper than tur," he said.

On other hand, prices of the new tur in Katni in Madhya Pradesh were up by INR 200 from Monday to INR 8,100-INR 8,200 per 100 kg, according to the association. 

URAD prices in Lalitpur in Uttar Pradesh were steady at INR 5,500-INR 7,500 per 100 kg, with arrivals of 2,000 bags (1 bag = 50 kg), according to the association. Prices of urad in Solapur in Maharashtra were also steady at INR 6,100-INR 8,300 per 100 kg, according to the association.

The National Agricultural Cooperative Marketing Federation of India has commenced urad purchases only in Rajasthan. As of Dec. 19, NAFED had procured 25.85 tonnes of the 149,240 tonnes approved by the government, according to the data. The government has sanctioned a total of 939,720 tonnes of urad for procurement at the minimum support price of INR 7,400 per 100 kg from all states.

NAFED has not started urad procurement in Karnataka, Telangana, Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, and Haryana so far. End

Edited by Akul Nishant Akhoury

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