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Weak buying support continues to hit pulses

Our Correspondent
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Sluggish trend continued in pulses and pulse seeds on slack demand and weak buying support. Tur has been ruling stable in local mandis for the past few days on slack demand from the millers. Though local mandis remained closed on Wednesday on account of ‘ Ganesh Chaturthi’ festival, in private trading, tur (Maharashtra) ruled at Rs 4,500 a quintal, tur (Madhya Pradesh) at Rs 3,800-4,000.

Tur prices in the past one month have declined by Rs 600 a quintal on weak buying support on account of rains and slack demand in pulses. However, as compared with its prices last week, tur (Maharashtra) is ruling Rs 50 higher.

Sluggish trend also prevailed in tur dal on weak demand with prices of tur marka in the past one week declining by Rs 100 to Rs 7,000; tur dal (sawa no) declined by Rs 100 to Rs 5,900-6,000; tur dal (full) Rs 6,400-6,500.

Sluggish trend also continued in moong with rise in arrival of new moong in local mandis and weak demand. Indore mandis on Tuesday witnessed arrival of 800 bags of new moong. New moong (bold quality) remained stable at Rs 4,400-4,600, moong new (inferior quality) at Rs 3,200-4,000.

Moong dal (medium) in private trading was quoted at Rs 5,500-5,600; moong dal (bold) Rs 5,800-5,900; moong mongar Rs 6,400-6,700. Barring moong mongar, moong dal has witnessed a decline of Rs 200-400 in the past one week.

(This article was published in the Business Line print edition dated September 20, 2012)
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