Higher demand and weak arrivals have perked up masoor prices by almost Rs 200 a quintal in the past one week.
On Friday, masoor (bold) rose to Rs 3,850-3,900 a quintal, while masoor (medium) ruled at Rs 3,400-3,500. Future of masoor appears to be bullish on poor domestic crop prospect.
Besides , weaker rupee has made masoor import costlier leading to rise in its prices in the physical market. Masoor may witness bearish sentiment temporarily as new crop hits local mandis in the coming days but it is unlikely to stay for long, given lower crop output this year.
Rise in spot masoor also perked up its dal almost by Rs 75 to Rs 100 a quintal as masoor dal (average) prices soared to Rs 4,200-25 (Rs 4,150-55), masoor dal (medium) ruled at Rs 4,275-4,300 ((Rs 4,250-75), while masoor dal (bold) rose to Rs 4,325-4,425(Rs 4,325-50).
Weak arrival and improved demand also lifted urad and its dal by almost Rs 100 a quintal. Urad (bold) ruled at Rs 3,500-3,600, while urad (medium) ruled at Rs 3,200-3,300.
Urad dal (medium) was quoted at Rs 4,000-4,100, urad dal (bold) rose to Rs 4,600-4,700, while urad mongar ruled at Rs 5,700-6,000 a quintal.
Moong and its dal ruled stable with moong (bold) being quoted at Rs 5,100-5,500, while moong (medium) ruled at Rs 4,500-4,800.
Similarly moong dal ruled steady with moong dal (medium) being quoted at Rs 6,100-6,200, moong dal (bold) at Rs 6,500-6,600, while moong mongar ruled at Rs 7,000-7,300 a quintal.
Keywords: masoor prices,