NEW DELHI: Prices of pulses have been steadily rising over the last 15 days, with urad recording the highest increase of 40%. Traders expect the rates to remain firm as rains in western and central India have damaged some of the crop.
In Mumbai’s wholesale market, urad is available for Rs 87/kg, up from Rs 56/kg a fortnight ago. In Delhi, the rate is Rs 74/kg.
In the trading hub of Merta City in Rajasthan, the price of moong has risen by 8% to Rs 65/kg.
In Delhi, tur, masur and chana have become costlier by 12% (to Rs 60/kg), 9% (to Rs 48/kg), and 8%, respectively, traders said.
Prerana Desai, head of research at Edelweiss Agri Services & Credit, said prices have risen in part due to the import restriction imposed by the government and expectation of lower winter planting.
“Prices are rising due to rain in pulse-growing regions in the past two weeks. All pulses in the market are now being traded at around the minimum support price and it is offering some relief to farmers,” said Vivek Agrawal, a commodity broker with JLV Agro.
Desai said the prices were low throughout the year but have now improved. “Good stocks will be held by traders and brokers and be sold selectively. Compared to the previous year, the stocks are less,” she said.
Suresh Aggarwal, president of All India Dal Mill Association in Indore, said as per initial estimates, urad production has fallen by 30%. Moong production has also been hit, he said.
“Due to rains, we are worried about the higher moisture content and poor crop quality. Prices will remain high if it doesn’t stop raining in the key harvesting states,” he said.