Agri Business

Most pulses down on sluggish demand

| Updated on: Feb 15, 2011
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Weak conditions developed on the wholesale pulses market on Tuesday as most of the pulses dropped up to Rs 300 a quintal on sluggish demand against adequate stocks.

Traders said adequate supplies against sluggish demand at prevailing higher levels mainly pulled down pulses prices. Lower trend in producing regions further fuelled the downtrend, they said.

Meanwhile, state-run trading firm PEC Ltd has invited bids for importing 856 tonnes of pulses for supply in the domestic market.

In the national capital, moth suffered the most by losing Rs 300 to Rs 2,800-3,100 a quintal. Urad and its dal chilka local fell by Rs 250 and Rs 100 to Rs 4,000-4,600 and Rs 4,900-5,300, respectively and urad dal dhoya lost Rs 100 to Rs 5,500-5,600 a quintal.

Moong and its dal chilka local declined by Rs 100 each to Rs 4,100-4,500 and Rs 5,150-5,550 a quintal, respectively.

Masoor small and bold also softened by Rs 100 each to Rs 3,300-3,500 and Rs 3,450-3,700, respectively and its dal local and best quality lost Rs 150 each to Rs 4,000-4,100 and Rs 4,250-4,550 a quintal, respectively.

Malka local and best quality were down by Rs 200 each to Rs 3,900-3,950 and Rs 4,050-4,150 a quintal, respectively.

In line with a general weakening trend, arhar and its dal dara variety moved down by Rs 200 each to Rs 3,850-3,950 and Rs 5,200-5,600 a quintal, respectively.

Also, gram lost Rs 125 to Rs 2,575-2,600 and its dal local and best quality declined by Rs 50 each to Rs 2,900-2,915 and Rs 3,000-3,100 a quintal, respectively.

Published on February 15, 2011

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