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Aug
21

Pulse Prices Send Mixed Signals as Markets Look Ahead

India’s pulse market is heading into the next few weeks with no clear price direction. While some varieties are finding support, others are struggling to recover from earlier highs. The latest mandi movement points to a market where supply, arrivals and buying interest could become increasingly important for the next price cycle.

Urad has emerged as the biggest mover. Its average wholesale price surged to Rs 7,990.85 per quintal on August 18, registering a sharp weekly jump of more than 26%. The rise is notable, although prices are still considerably below their level a month earlier. If the recent buying momentum continues, urad could remain firm in the short term, but the size of the weekly jump also leaves room for some correction.

Gram is showing a steadier picture. Prices climbed to Rs 6,108.01 per quintal, gaining over the week and month. With the market price slightly above its MSP of Rs 5,875, gram appears better supported than some other pulses. Unless arrivals rise sharply, the commodity could maintain a relatively stable range in the near term.

Lentil remains one of the stronger performers on a longer-term basis. At Rs 7,676.61 per quintal, it has stayed above its prices of the previous three years. However, the small weekly and monthly declines suggest that the market may be entering a consolidation phase rather than another sharp rally.

Moong continues to face pressure. Despite gaining over the month, its price of Rs 7,453.01 per quintal remains below its levels a year, two years and three years ago. It is also trading below the MSP of Rs 8,768. This leaves moong particularly dependent on improving demand or tighter supplies for a meaningful recovery.

Tur is similarly caught between short-term weakness and a stronger yearly comparison. Prices have fallen over both the week and month but remain almost 18% higher than a year ago. At Rs 7,527.62 per quintal, however, tur is still below its MSP of Rs 8,000 and far below the elevated prices seen in earlier years.

The forward outlook is therefore likely to remain uneven. Urad could attract attention if its recent momentum holds, while gram and lentil may remain comparatively stable. Moong and tur will need stronger demand or supply-side support to regain lost ground.

For traders and growers, the coming weeks could be more about market consolidation than a broad-based rally, with fresh arrivals and consumption trends likely to determine which pulses gain strength and which remain under pressure.