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Pulses go off the boil on slack demand

Our Correspondent
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Tur and its dal ruled flat on subdued demand. In the local mandis, tur (Maharashtra) ruled flat at Rs 3,700-3,725 a quintal, while tur (Nimari) quoted at Rs 3,000-3,200 a quintal.

With large carryover stock and pressure of arrival of both new and imported tur, prices were static.

Besides lack of enthusiastic buying support and poor parity has added to the bearish sentiment.

Given poor demand in pulses, any major fluctuation in prices of tur in the near future seems unlikely.

Since arrival of new tur started hitting local mandis in Januaryits prices have dropped by over Rs 500 a quintal.

Tur may witness some correction in the coming days with new arrivals (Gulabi) from Khategaon region of the State next month, said Mr Sanjay Bansal

Tur dal also ruled flat on weak demand with tur dal (full) being quoted at Rs 5,300-5,400 a quintal, tur dal (sawa no.) ruled at Rs 4,500-4,600, while tur marka quoted at Rs 6,000-6,100 a quintal.

Weak demand dragged down urad with prices of urad (best quality) being quoted at Rs 3,400-3,500 a quintal, while urad (medium) ruled at Rs 2,800-3,000.

Similarly, urad dal ruled steady on weak demand with urad dal (average) being quoted at Rs 3,750-3,800, urad dal (bold) at Rs 4,400-4,450, while urad mongar ruled at Rs 5,300-5,350 a quintal.

(This article was published in the Business Line print edition dated February 23, 2012)

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