Pulses Report

Chana Last week, chana prices recorded a strong rise of ₹400 per quintal due to fresh demand and lower arrivals. Arrivals in Indore, Nimar, and Malwa mandis have declined, as farmers are reluctant to sell at lower prices. Many large farmers and traders have stocked their produce in cold storage, awaiting better rates. Export activity has been slow due to global instability and ongoing tensions between India and Pakistan. Exporters report that shipments have been below expectations for the past two months. However, a recovery in export demand is expected once global conditions stabilize. Experts believe a sharp fall in chana prices is unlikely as sellers are inactive at low prices and supply remains limited. If demand improves, prices could rise further. Tur Tur prices saw a notable uptrend last week, with Lemon Tur increasing by ₹300 and Akola Bilty Tur by ₹250 per quintal. As market prices dropped significantly below MSP, farmers halted sales, resulting in reduced arrivals. At the same time, the empty pipeline in pulses meant that even modest demand gave strong support to the market. Recent rains in several states reduced mango consumption, leading to increased demand for tur dal. Government procurement has been robust, with purchases nearing 5 lakh tonnes. Prices are expected to trade in the ₹7300�₹7800 range for Akola Bilty Tur. Significant upward movement will require prices to break above ₹7800. Long-term price trends will depend on the arrival of the monsoon and rainfall in major tur-growing states. Urad After several weeks, urad saw a positive trend last week. Tensions between India and Pakistan sparked fresh demand, providing price support. Although arrivals of new summer urad have begun in Madhya Pradesh, price differences are keeping demand in South India tilted toward imported Burmese urad. Meanwhile, a new high-quality shipment from Brazil has added further strength to the market. Chennai saw price increases of ₹275 in FAQ and ₹400 in SQ urad. In Jabalpur, prices rose by ₹200�₹300 per quintal based on quality. Arrivals in Jabalpur are expected to increase, but prices around ₹7000�₹7300 are not cost-effective for southern buyers, prompting a shift in demand toward Burmese or Krishna Line urad. Imports from Burma slowed in April due to holidays, which also supported the domestic market. Chennai SQ urad is expected to trade in the ₹7500�₹7800 range for the next month, with a breakout above ₹8000 needed for the next bullish phase. Current prices carry low risk, and buying as per need is advised. Moong Moong prices strengthened significantly last week, rising by ₹400�₹500 per quintal. Strong demand for best-quality moong supported the market. Summer moong arrivals have begun in Madhya Pradesh and are gradually increasing, while Gujarat is seeing some delays with arrivals limited to 100�200 bags per day. Prices there are ₹8000�₹8500 per quintal depending on quality. In Madhya Pradesh, bulk tenders are being offered mainly for average to medium quality moong. However, demand for best quality will now shift to the summer crop. With arrivals expected to rise in the coming 1�2 weeks, demand is also projected to improve. Prices may see mild pressure with increased supply, but a sharp fall is unlikely as MSP remains higher than current prices.

Insert title here