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Our Bureau

Mumbai , Sept 14

Prices of chana and urad have recovered by more than four per cent and three per cent respectively after yesterday's fall of six per cent on the National Commodity and Derivatives Exchange (NCDEX).

Prices of tur and wheat went up by almost one per cent.

Prices fell yesterday following a Maharasthra Government notification imposing stock limit on wheat and pulses.

Though the prices of these pulses opened lower yesterday, they regained with the news of a Maharashtra State Government official stating that the stock limit imposition would not be applicable to stocks meant for deliveries in futures trade, which is governed by the Forward Market Commission.

Chana up

Chana prices went up to Rs 3,070 per quintal from Rs 2,935, while urad went up to Rs 3,145 from Rs 3,024. Tur rose to Rs 2,054 from Rs 2,015, while wheat went up to Rs 975 from Rs 967.

In respect of existing stocks with wholesalers, it is believed that the deadline for offloading the same in order to maintain the permissible limits under the stock order will be fixed in consultations with the traders.

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