With the Madhya Pradesh government agreeing to reduce mandi tax from the existing ₹1.70 to 50 p, trading in all 270 mandis across Madhya Pradesh resumed from Wednesday. Due to weak availability, most of the pulse seeds either ruled firm or traded higher. After a strong rally in tur and urad, moong also gained ₹200 today with moong (bold) rising to ₹7,400- 7,700 a quintal. Urad remained firm with urad (bold) today being quoted at ₹7,500-8,000, urad (average) at ₹6,300-6,800, while urad (cheap quality) ruled at ₹5,000-6,000 a quintal.
Uptrend continued in tur with tur (Maharashtra) today being quoted at ₹8,800-9,000, while tur (Nimari) ruled at ₹7,300-8,400. According to traders, with the new tur crop about two-three months away, uptrend in tur will likely to continue unless NAFED releases its stock. Weak availability also lifted masur by ₹50 with masur (bold) today rising to ₹5,700. Chana (kanta) on the other hand declined by ₹50 at ₹5,550 a quintal on decline in buying support at higher rate.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.