Masoor rules stable as stockists retain produce

Our Correspondent
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With local mandis remaining closed on Friday on account of ‘ amavasya’, masoor in private trading ruled stable at Rs 3,925-50 a quintal, while masoor (medium) ruled at Rs 3,500-3,600. Given decline in domestic stock, rise in demand in masoor during the festival season in the coming days, stockists are preferring to hold their produce . Traders here have ruled out any major fall in masoor prcies at its current level, given weak domestic stock, higher import and delay in the next masoor crop which is 6-7 months away. On the other hand, as compared with prices last week, masoor dal in local mandis has declined by Rs 50-100 a quintal on sluggish demand with masoor dal (average) being quoted at Rs 4,350-75, masoor dal (medium) at Rs 4,425-50, while masoor dal (bold) ruled at Rs 4,525-50 a quintal.

Moong: Sluggish demand and weak buying support on account of arrival of inferior quality moong in the local mandis have dragged moong prices by about Rs 400-500 a quintal in the past one week. In private trading, moong (best) quality ruled at Rs 4,800-5,000, while moong (medium) ruled at Rs 4,400-4,500. Sluggish demand has also dragged moong dal by almost Rs 200-300 a quintal in the past one week with moong dal (medium) ruling at Rs 6,300-6,400, moong dal (bold) at Rs 6,200-6,700, while moong mongar ruled at Rs 7,000-7,300.

(This article was published in the Business Line print edition dated August 18, 2012)
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