After trading low for the past 4-5 days, a majority of pulses in Indore mandis on Friday witnessed a bullish trend with speculators pushing up their prices on fear of deficient rainfall in Maharashtra, Gujarat, Rajasthan, Karnataka and Punjab respectively. Notwithstanding weak arrivals and slack buying support, most of the pulse seeds ruled higher with masoor prices going up by almost Rs 200 a quintal in the past 2-3 days.

In the spot, masoor (bold) rose to Rs 3,975 a quintal, while masoor (medium) ruled at Rs 3,750.

With decline in domestic stock, masoor price had soared to Rs 4,000 a quintal.

And now cashing in on a decline in stocks, stockists have withheld release of imported masoor in the mandis leading to a rise in its prices, said Prakash Vora, a wholesale pulse trader, here adding that in the coming days masoor may see a rise of Rs 200-300 a quintal in the coming days.

Masoor dal ruled stable with masoor dal (average) ruling at Rs 4,275-4,300 a quintal, masoor dal (medium) ruled at Rs 4,525-50, while masoor (dal) at Rs 4,625-50.

Similarly, moong and its dal also witnessed an uptrend on slack arrival even as demand remained weak on account of arrival of inferior quality moong in the local mandis. Moong prices in the past 2-3 days have perked up by Rs 200 a quintal with moong (bold) in the physical market increasing to Rs 5,200-5,400, while moong (medium) ruled at Rs 4,200-4,500 .

Rise in spot moong also perked up its dal by Rs 100 a quintal with moong dal (medium) in the mandis being quoted at Rs 6,200-6,300, moong dal (bold) at Rs 6,700-6,800, while moong mongar ruled at Rs 6,800-7,000 a quintal.

(This article was published on August 3, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.