Masoor ruled firm on decline in buying support at the higher rate. On Friday, masoor (bold) ruled at Rs 4,250 a quintal, while masoor (medium) ruled at Rs 3,700-3,800.

For the past 2-3 weeks, masoor has been witnessing an uptrend on higher demand and weak arrival. Besides weak domestic crop prospects, depreciation of rupee against dollar has made masoor imports costlier, leading to rise in its prices in the physical market.Imported masoor on Mumbai port is currently at Rs 4,100.

Contrary to firmness in masoor prices, masoor dal declined on slack demand.

On Friday, masoor dal (average) declined to Rs 4,650-75 (Rs 4,700-4,725); masoor dal (medium) ruled at Rs 4,750-75; masoor dal (bold) declined to Rs 4,325-50 (Rs 4,825-50).

However, compared with a a fortnight ago, masoor dal is ruling Rs 450 a quintal higher.

Uptrend also continued in moong and its dal on higher demand and weak arrivals. Moong (bold) ruled at Rs 5,800-6,100; moong (medium) Rs 5,200-5,400.

With rise in buying support to moong in the spot, moong dal in the physical market has also gained Rs 200 a quintal in the past two weeks.

Moong dal (medium) ruled at Rs 6,400-6,500; moong dal (bold) Rs 7,100-7,200, while moong mongar ruled at Rs 7,300-7,600.

Buying support has also lifted urad with urad (bold) ruling at Rs 3,500-3,600, while urad (medium) ruled at Rs 3,000-3,200.

(This article was published on April 5, 2013)
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