Pulse and pulse seeds prices continued to rally on weak arrivals and higher buying support. Prices are touching new highs every day. Sppeculators have now begun taking advantage of weak monsoon, while extreme drought condition in the US is also playing active role in pushing up prices. On the back of weak arrival and strong buying support in pulses, masoor prices have gone up by over Rs 350 a quintal in the past one week. Masoor (bold) was quoted at Rs 3,950 on Friday. Masoor (medium) ruled at Rs 3,700 a quintal. With negligible domestic stock and meagre rainfall the region has witnessed so far, traders are anticipating further rally in masoor in the coming days.

Masoor dal prices have increased by around Rs 300 a quintal in the past one week. Masoor dal (average) moved up to Rs 4,400-4,425 (Rs 4,275-4,300), masoor dal (medium) at Rs 4,525-50 a quintal (Rs 4,400-25) and masoor dal (bold) ruled at Rs 4,625-4,650 (Rs 4,500-25).

Moong and its dal also zoomed to a new high on scarce arrival and strong buying support. Moong (best) prices have goner up by Rs 500 a quintal to Rs 5,500 in the last two sessions, while moong (medium) ruled at Rs 5,000 . Traders expect moong prices to hit Rs 6,000 in the coming days. Moong dal (medium) was quoted at Rs 6,200-6,300 a quintal (Rs 6,100-6,200), while moong dal (bold) ruled at Rs 6,800-6,900 (Rs 6,600-6,700) and moong mongar perked up to Rs 7,000 (Rs 6,500-6,600 ).

Uptrend was also witnessed in urad and its dal on weak arrival and higher demand with urad (bold) going up further by Rs 100 a quintal to Rs 4,500, while urad (medium) ruled at Rs 3,800. Urad dal (medium) ruled at Rs 4,800-4,900 a quintal, urad dal (bold) at Rs 5,600-5,700, while urad mongar ruled at Rs 6,900-7,200(up Rs 300).

(This article was published on July 20, 2012)
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