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Informist, Thursday, Dec. 26, 2024

By Shreya Shetty

MUMBAI – Prices of chana were down in key spot markets across the country due to low demand and the availability of imports from Australia, traders said. Prices of tur were steady as arrivals of the new crop from Karnataka offset demand, they said. Prices of moong were also steady.

CHANA prices in Indore in Madhya Pradesh were down by INR 50 from Wednesday at INR 6,650-INR 6,700 per 100 kg, Kailash Kakani, a local trader said. "Buying in the market is sluggish due to a seasonal low in demand," he said. At the end of the year, business is always in a lull, he said.

Prices are also weighed down due to the ample availability of imports from Australia, Kakani 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.

Similarly, prices of chana in Akola in Maharashtra were down by INR 25 from Wednesday to INR 6,675-INR 6,700 per 100 kg, according to the India Pulses and Grains Association. Arrivals were up by 100 bags to 200 bags (1 bag = 50 kg).

Prices of the new TUR in Solapur in Maharashtra were steady at INR 7,500-INR 8,150 per 100 kg, Rahul Srinivas, a local trader said. Arrivals in the market were 50–55 trucks, or 50,000-55,000 kg, he said. "Even though there is some demand in the market, prices are also under pressure due to the new arrivals of the kharif crop from Karnataka, keeping prices flat," he said.

Buyers are also holding back purchases in anticipation of better quality arrivals of tur, Srinivas said. The new kharif arrivals in the market have a moisture content of 16-17%, which lowers the quality of the pulse. Better quality tur is expected to arrive after 15 days, he said. 

Prices of the new tur in Kalaburagi in Karnataka were also steady at INR 6,500-INR 8,612 per 100 kg, according to the association. Arrivals were steady at 2,628 bags (1 bag = 100 kg).

MOONG prices in Solapur were steady at INR 6,000-INR 7,400 per 100 kg, according to the association. Prices of moong in Kalaburagi were also steady at INR 7,000-INR 8,000 per 100 kg, the association said.

"Markets receive new arrivals of the pulse every two months - it is available throughout the year," Rahul Chauhan, director of IGrain, said. The market has received arrivals from Karnataka, Rajasthan, and Madhya Pradesh, he said. Currently, the new crop from Tamil Nadu is coming in and later arrivals from Andhra Pradesh will begin.

The overall moong availability is good, and there are no supply concerns regarding the pulse, Chauhan said. The prices of moong are likely to be range-bound in the coming months, he said. End

Edited by Saji George Titus

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