Pulses Market Report
Chana The reality is that there isn't much Desi Chana left in the pipeline. The price of Rajasthani Chana has dropped from 6400 to 6300 due to speculation by traders and rumors about Australian imports. However, it is unlikely to go lower in the current month. The total production of Desi Chana is estimated to be around 7 million metric tons, while the domestic consumption is about 12 million tons. Currently, a slowdown exists due to the reduced sales of foreign stock. Under these circumstances, it remains a good time for trading. Kabuli Chana The market for Kabuli Chana is seeing widespread selling by stockists as new crops of Kabuli Chana have started coming in from Karnataka and Andhra Pradesh. There is no buying interest at any price levels. The raw Kabuli Chana from Maharashtra is selling between 80-81 rupees per kg, while Karnataka’s stock is priced between 82-83 rupees. However, there is no demand at these prices, and with the new crop being good and the old stock remaining abundant, further price declines are expected in the market. Tur The Tur market is in a slump due to heavy selling by stockists and traders, causing significant losses for many businesses. The new crop from Karnataka and Maharashtra is also entering the market, selling at lower prices. Karnataka’s Tur is priced at 7800 rupees per quintal, with lower-quality Tur selling for 7300-7400 rupees. As a result, Lemon Tur has dropped to 7150 rupees per quintal. Prices of pulses have also decreased by 4-5 rupees per kg. Although the market might not see further significant declines, it’s advisable to wait and stock up for now. Moong Moong is under pressure in the Rajasthan markets, with local and transactional demand cooling off. Over the past 10 days, Moong prices have dropped by 300-400 rupees per quintal. Currently, pulse mills are not buying at the existing prices, and the sale of Moong pulses and polished Moong has significantly slowed down. There might be further price declines in the short term, but once demand picks up, the market could recover. The average quality Moong in Rajasthan is selling between 7600-8100 rupees per quintal, so trading in Moong might carry some risk at present. Urad The estimated production of Urad has increased from 36 lakh tons to 41 lakh tons this season. The Rangoon crop is also very good, and domestic planting is expected to rise, leading to a lack of demand in the market. Over the past 10 days, the sale of Urad pulses and polished Urad has slowed down, resulting in a 400 rupees per quintal drop. Currently, large-sized Urad is selling for 8150 rupees, and smaller sizes for around 7650 rupees per quintal. The supply of Urad from Saharanpur, Gango, and Chandosi is decreasing, and deals from Chennai are becoming less frequent. There is little chance for a price surge in the Urad market in the near future. The market might stabilize for a few days due to consumption during the Prayagraj Kumbh, but there is no need to panic-sell. Masoor The demand for Masoor in the pulse mills has slowed down as new crops of Masoor are expected to arrive in the next 10-15 days. As a result, the price of Bilty Masoor has decreased from 6800 to 6750 rupees. There will likely be no significant supply from Malka and other pulses in the near future, and the new crop is expected next month. Therefore, there is little chance for a price rise in the Masoor market, though short supply could push prices up by 50 rupees. The production area for Masoor has increased across UP, MP, Rajasthan, Bihar, and other states, and the recent rains have benefitted the crop. Hence, it would be wise to sell at higher prices now.