Tur and its dal ruled stable on subdued buying support. In the spot, tur (Maharashtra) remained stable at Rs 4,700-4,800 a quintal, while tur (Indore variety) ruled at Rs 4,100-4,300.
With demand in pulses continuing to be poor, any immediate rise in tur at least for a week appears unlikely. However, given the fact that next tur crop will come in November-December, tur appears to be bullish in the short term. It may touch Rs 5,000 mark once again in the coming days, said a trader Hanuman Jain.
With delay in monsoon and strong buying support from the millers, tur had zoomed to Rs 5,000 a quintal about a fortnight back but recent rains have affected trading sentiments of the stockists, leading to decline in buying support in tur. Tdal declined by Rs 100 a quintal on slack demand with price of tur dal (full) in Indore mandis on Wednesday being quoted at Rs 6,700-6,800 , while tur dal (full) ruled at Rs 6,200 and tur marka at Rs 7,500 .
Sluggish demand and arrival of inferior quality moong also kept moong and its dal stable with moong (bold) on Wednesday remaining steady at Rs 4,800-5,000. Similarly, moong (medium) ruled at Rs 4,100-500 a quintal. Compared with its prices last week, moong is ruling Rs 300 in local mandis. Couple of weeks ago, moong prices had zoomed as high as Rs 5,400 a quintal. But recent rains have slackened demand for moong. Moong dal ruled stable on slack demand with moong dal (medium) in local mandis being quoted at Rs 6,200-6,300, moong dal (best) at Rs 6,700-6,800, while moong monger ruled at Rs 6,900-7,000.
Keywords: Tur dal, ruled stable, subdued buying
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