Pulses Market Report

Desi Chana – Shortage Building, But Weak Demand Prevails Stocks of Desi Chana are gradually declining, leading to early signs of shortage. Current prices reflect weak demand rather than surplus. Importing chana to Delhi from any mandi currently results in a cost difference of over ₹100 per quintal. Despite low demand, Rajasthani chana is still selling at ₹5880–₹5900 per quintal in direct transport (khadi motor). No new domestic crop is expected soon, and limited deals are being made for Australian chana for October–November shipment. However, those prices are not significantly lower either. A bit of patience is advised in the current market. Lentil (Masoor) – Shortage Likely, Prices May Rise There is no upcoming domestic masoor crop, and Canadian lentil stock is also low. Prices for October-November shipments in Canada have increased by $15–20/ton. In India, domestic masoor is being quoted at ₹6250–₹6300 per quintal, while bilty masoor is at ₹6800–₹6825. Quality has declined slightly, but demand for processed lentils (dal and malka) is improving. No major selling pressure is seen, and prices are expected to rise further, as the next domestic harvest is still far away. Urad – Limited Profit Opportunity There is minimal forward trading in urad. Dal mills are buying only as needed, with price movements limited to ₹50–₹75 per quintal. Sales of processed urad (both chilka and washed) are weak. Kharif sowing in Maharashtra and Madhya Pradesh has been good, and weather conditions are favorable. With SQ varieties around ₹7700 and FAQ near ₹7000, prices are unlikely to rise much. Importers and brokers are also limiting activity, focusing mainly on spot trading. Moong – Light Quality May Limit Uptake Moong sowing has been excellent in Akola, Jalgaon, and Parbhani due to timely rainfall. Despite waterlogging in parts of Maharashtra, moong-growing areas are mostly unaffected. Rajasthan crop outlook is also strong, and moong from UP, Bihar, Jharkhand, and MP is arriving steadily. Light quality moong for dhoya dal is selling at ₹6200–₹6800, while premium quality ranges from ₹7000–₹7400. Tur (Tuar) – No Major Decline Expected The next tur crop is six months away. Both rabi and kharif harvests this year were good. Imports from Yangon have slowed down. In Chennai, prices dropped ₹125–₹150/quintal, but the market has since quieted. Current tur (lemon variety) is priced at ₹6750–₹6800, with little room for decline. However, long-term bullish positions are not recommended, as dal from UP and other lines is being sold cheaper than Delhi line tur dal.

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