Informist, Tuesday, Feb 27, 2024
By Romeo M. Raj
MUMBAI – Prices of tur were flat across most markets today as weak demand was offset by a decline in output, traders said. Prices of chana were also steady as increased arrivals in key states were balanced out by low stocks in the hands of private and government agencies. Masur prices were stable as rise in arrivals of the new crop was offset by higher exports of the pulse, traders said.
Prices of TUR in the key wholesale market of Amravati in Maharashtra rose 100 rupees to 9,500-10,323 rupees per 100 kg. Arrivals were pegged at 5,000 bags (1 bag = 100 kg), the India Pulses and Grains Association said. Prices in Hinganghat, Maharashtra, were stable at 8,800-10,300 rupees per 100 kg and arrivals were at 7,000 bags (1 bag = 50 kg), the association said.
Prices in the benchmark market of Khamgoan, Maharashtra, were steady at 9,000-10,000 rupees per 100 kg. Arrivals were seen at 2,500 bags (1 bag = 100 kg), the association said. In Akola, another key market of Maharashtra, prices were steady at 10,200-10,250 rupees per 100 kg. Arrivals were pegged at 5,000 bags (1 bag = 50 kg).
Tur prices may fall due to weak demand for dal and concern about government intervention if prices rise, experts said. However, consecutive years of reduced output may result in tur prices rising. These factors balanced each other out, they said.
Prices of CHANA in the key wholesale market of Hinganghat were steady at 4,700-5,550 rupees per 100 kg. Arrivals were pegged at 28,000 bags (1 bag = 50 kg), according to the association. In Khamgoan, prices were stable at 5,000-5,500 rupees per 100 kg and arrivals were seen at 4,000 bags (1 bag = 100 kg), it said. In Amravati, also in Maharashtra, prices were flat at 5,300-6,000 rupees per 100 kg and arrivals were at 4,000 bags (1 bag = 100 kg), it said.
Chana prices may fall because of increased arrivals in Maharashtra, Karnataka, and Gujarat, and subdued demand for chana dal, experts said. However, the stocks that are held by private entities and government agencies are low and demand during Ramadan and Holi will support prices, they said.
Prices of MASUR in the key wholesale market of Bareilly in Uttar Pradesh were steady at 7,150-7,200 rupees per 100 kg, the association said. Prices in the key market of Lalitpur, Uttar Pradesh, were stable at 5,700-6,000 rupees per 100 kg, it added.
Prices of masur are expected to fall owing to increased arrivals of the new crop and low demand for masur dal, experts said. However, higher export demand is likely to cancel the negative factors, they said. In 2023, India's masur exports surged 138% to 155,091 tn, according to commerce ministry data. End
Edited by Ashish Shirke
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