Profit booking and decline in buying support at higher rates dragged tur prices to Rs 4,450-4,500 a quintal (down Rs 50).

Similarly tur (Madhya Pradesh) declined by Rs 100 to Rs 3,800-4,000.

For the past one week, tur has been witnessing an uptrend with prices rising in Maharashtra and weak arrivals on account of winters rain. Later with improvement in weather condition, higher demand from millers added to the bullish sentiment with prices going as high as Rs 4,625.

However, a drop in demand at higher rate again dragged prices in the past two days by Rs 175-200.

Weak buying support also dragged its dal with tur dal (full) on Wednesday declining to Rs 6,100-6,200, tur dal (sawa no.) at Rs 5,600-5,650, while tur marka ruled stable at Rs 6,700-6,800.

Weak demand also pulled down urad and masoor.

Slack demand and weak buying support dragged urad prices by Rs 100-150 in the past two days.

On Wednesday, urad (bold) ruled at Rs 3,450-3,500, while urad (medium) was quoted at Rs 2,800-3,000.

Urad dal on the other hand ruled steady with urad dal (medium) being quoted at Rs 3,800-4,000, urad dal (bold) at Rs 4,700-4,800, while urad mongar ruled at Rs 5,400-5,600.

Masoor also declined on weak demand and declined in buying support at higher rate. Masoor prices declined by Rs 100 in the past two days to Rs 3,700, while masoor (medium) also declined to Rs 3,500. Masoor dal, however, remained unchanged on subdued demand.

(This article was published on February 27, 2013)
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