Pulses Market Report
Desi Chana Desi chana production is expected to be lower across most regions. Although some traders in Gujarat are inflating production estimates, actual per-hectare yields are down in almost all areas. There’s also no significant stock of Australian chana at Mundra Port. Given these factors, current market prices appear favorable for buyers. Last week, robust demand from dal mills pushed prices up by ₹100, with Rajasthani desi chana reaching ₹5,850 per quintal at Lawrence Road. With limited stock in the spot market and lower overall production, further price hikes seem likely. If stock is available, it’s advisable to make purchases. Kabuli Chana High-quality kabuli chana is arriving from Andhra Pradesh and Karnataka, and traders expect more supply from Madhya Pradesh in the coming days. Still, Maharashtra’s kabuli chana at ₹73 per kg appears stable and low-risk. Despite anticipated arrivals, there’s little room for a significant price drop, and the market is expected to remain firm. Peas The duty-free import window for peas, initially ending on February 28, was extended to May 31. Due to this, prices dropped from ₹42–43 to ₹35–36 per kg. However, in the past week, prices have risen by ₹2 per kg. Import volumes at ports remain low, and domestic production is only around 15%. This indicates strong upward potential in the near future. Masoor New masoor is arriving in markets across Madhya Pradesh, including Mungawali, Ganj Basoda, Sagar, Bhopal, and Binaganj. However, reduced yields mean the influx isn’t putting pressure on prices. In Eastern UP and Bihar, disease in the crop has led to poor grain formation. As a result, desi masoor is trading strong at ₹6,620–6,650 per quintal. Canadian masoor is also holding firm above ₹6,300, with further price increases expected. Urad New urad is now arriving in Rangoon, and some shipments are already being loaded. Importers in Chennai are offering April shipments at ₹8,200, preventing any major upward movement in prices. FAQ grade urad is selling at ₹7,600. With limited spot demand, the market is expected to remain range-bound, favoring smaller trades. Moong Due to higher production in Rajasthan, moong prices have remained volatile within a ₹200–₹300 range above and below current levels. Season-high rates haven’t been reached yet. Madhya Pradesh is also supplying a good volume of both light and heavy quality moong, with more arrivals expected next month. Demand for processed moong dal remains weak. With ample supply and stock already in warehouses, price growth is unlikely. Traders are advised to sell at available prices. Tur Summer tur production has dropped to just 45% as farmers have shifted away from tur cultivation. Though some supply is coming in from Karnataka and Maharashtra, volumes are limited. In Chennai, higher prices for lemon tur have made it unviable for local buyers. Meanwhile, improving demand from dal mills has pushed raw tur prices up by ₹50, reaching ₹7,445–7,450 per quintal. Processed dal is also showing price strength. Under current conditions, the market could rise by another ₹200 in the coming week. Stocking at current prices could be a profitable move.