Weak demand leads to a decline in Urad, Chana, and imported Masoor; Tur shows volatility, while Moong remains steady.

Weak demand leads to a decline in Urad, Chana, and imported Masoor; Tur shows volatility, while Moong remains steady.

Prices of Urad, Chana, and imported Masoor have declined in the domestic market due to weak buying by pulse mills. Meanwhile, Tur prices have shown volatility, whereas domestic Masoor and Moong prices have remained stable. The market is also under pressure due to the central government’s review of pulse prices and increased monitoring of stock availability.

Decline in Urad: Due to weaker prices in Burma, the cost of FAQ and SQ grade Urad (for November-December shipment) in Chennai dropped by $10, settling at $935 and $995 per tonne (CNF), respectively. In Chennai, the price of FAQ fell by ₹100 to ₹9,150 per quintal, while SQ dropped by ₹100 to ₹9,800 per quintal. In Delhi, FAQ was quoted at ₹9,525 and SQ at ₹10,200 per quintal. The stock of Urad in the central pool is reported to be only 44,000 tonnes. Given the expectation of increased domestic arrivals and imported shipments in the coming days, the likelihood of a significant price surge remains low.

Softening in Chana: Due to weak demand from pulse mills, Chana prices in Delhi fell by ₹25 per quintal. Prices for Rajasthan-origin Chana stood at ₹7,750–₹7,775 per quintal, while Madhya Pradesh-origin Chana was priced at ₹7,700–₹7,725 per quintal. At Mundra port, the price of Australian Chana (November shipment) declined by $10 to $795 per tonne (CNF). However, limited domestic stocks and high import costs may prevent a sharp decline in prices. The central pool is reported to hold approximately 1.6 million tonnes of Chana.

Volatility in Tur: In Chennai, prices for 'Lemon' variety Tur fell by ₹75 per quintal during the day; however, in evening trading, prices in Delhi, Mumbai, and Chennai saw an increase of ₹75 per quintal. On the other hand, prices for *tur* (pigeon pea) imported from Burma and African nations have strengthened. Sporadic arrivals of the new *tur* crop have begun in the markets of Karnataka. Industry estimates suggest that domestic *tur* production for the 2026 *kharif* season will reach 2.5–3.0 million tonnes, with imports projected at 1.0–1.2 million tonnes. The stock of *tur* in the central pool is reported to be 0.97 million tonnes.

Decline in *masoor* (lentils): Prices for *masoor* remained under pressure due to weak buying interest and high levels of imported stock at the ports. In Delhi, the price of domestic *masoor* fell by Rs 25, settling at Rs 6,475–6,500 per quintal. Canadian *masoor* saw a decline of Rs 50, trading at Rs 5,725–5,750 per quintal at Kandla and Rs 5,750 per quintal at Mundra. The stock of *masoor* in the central pool is reported to be 0.53 million tonnes. However, demand for pulses in Bihar, Bengal, and Assam is expected to persist until the end of November.

Stability in *moong* (green gram): Prices for *moong* remained stable across most major producing markets. Pulse mills are making purchases based on their immediate requirements. Market arrivals are expected to increase next week, following the conclusion of the festive holidays. In Indore, 'best bold' *moong* remained steady at Rs 8,000–8,500 per quintal; in Jaipur, 'chamki' (polished/bright) *moong* stood at Rs 8,100; in Delhi, the 'Rajasthan line' variety was at Rs 8,700; and in Akola, it remained at Rs 9,400 per quintal.