Costlier import and a likely lower crop this year have pushed masoor prices here. On Friday, bold masoor rose to Rs 3,575 a quintal (up Rs 125 from last week), while medium masoor ruled at Rs 3,350. Buying by stockists to benefit from an expected price rally has also raised prices in the past few days, said a trader here.
Cashing on an expected poor crop and declining domestic stock, big stockists and importers had lifted masoor prices in local mandis about 15 days ago to Rs 3,625. Poor demand at the higher prices and higher sales of imported masoor had then brought prices down.
A sharp decline in sowing area is expected to pull down output this year to 11-12 lakh tonnes against 15-16 lakh tonnes in the past year.
Rise in masoor prices also perked up its dal by Rs 100 a quintal in the past week with average dal on Friday in local mandis being quoted at Rs 3,950-3,975 a quintal, medium dal at Rs 4,050-4,075 and bold dal at Rs 4,125-4,150.
Tur has risen in Indore mandis on demand from millers, even as arrival of new tur increased in Maharashtra and Karnataka.
In the past two weeks, tur (Maharashtra) prices have jumped by Rs 300 to Rs 4,150 a quintal on Friday, while tur (Madhya Pradesh) ruled steady at Rs 3,000-3,400. In the past one week, tur dal has also gained Rs 100 on rise in demand with full dal being quoted at Rs 5,900-6,000, sawa no. at Rs 5,200-5,300 and marka at Rs 6,500.
Urad and its dal ruled stable despite subdued demand with bold urad being quoted at Rs 3,400-3,450 a quintal medium urad at Rs 3,000. Urad dal ruled stable with medium dal at Rs 4,000-4,100, bold dal at Rs 4,500-4,600 mongar at Rs 5,600-6,000 a quintal.