The attack on Ukraine by Russia has made the pulse market in India bullish. Hence, there has been a price hike in the pulses like Urad (Split Black Ghram), Tuwar (Pigeon pea), Chana (Black Ghram), and Masoor (Red Lentil).
Current Trend
- Pulses like corn and millet’s price increased between $0,66 and $1
- Rice and wheat prices increased, and they are firm in the market.
- The domestic pulses market is on a high due to unfavorable weather earlier during the sowing and harvesting time, negatively impacting the crops.
- As a result, even Masoor price has increased by $0,02 per kg. As a result, it has reached between $0,96 and $0,97 per kg.
- Masoor prices increased by $0,66 – $1 in Canada and Australia. The price for Urad in these countries has also increased.
- There are reports that Moong’s price increased in the international market by $1 to $2 per kg.
- In the domestic market, the chana pulses that hit a low of $0,66 have moved upward. In the spot markets, the price for chana now reached $0,68 per kg. It is expected to move further up in the coming days.
- The price has increased for chickpeas, rajma, and even the Basmati variety of rice.
- In Haryana and Punjab spot markets, there is a rice shortage. As a result, the price for the commodity is northbound too.
Price:
| Products | Price |
| Black Chana | $ 747 FOB |
| Chana Dal | $ 907 FOB |
| Masurdal | $ 892 FOB |
Predictions
It is expected that the prices of all these commodities will continue to be on an appreciative mode in the coming days due to the ongoing war and the unfavorable weather impacting the sowed and harvested crop quality and quantity.
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