Commodities

Demand from traders keeps pulses stable

Our Correspondent Indore | Updated on March 01, 2011

BL02_COM2_PULSES

Pulses and pulse seeds ruled stable in Indore on subdued demand, albeit chana did witness a gain with rise in demand from traders and the millers, and comparatively weak arrival. Spurt in demand perked up chana in the spot by Rs 25 to Rs 2,425 a quintal. Chana prices settled at Rs 2,425 a quintal as traders withdrew themselves from purchasing at higher rate.

As compared to Monday, arrival of new chana in local mandis saw a decline with about 1,500 bags offloaded on Tuesday as against 3,000 bags on Monday. According to a trader, Mr Michael, as arrival of new chana has gained momentum in the local mandis, its demand has also witnessed a simultaneous increase. Neverthless, it seems unlikely that chana prices will decline beyond Rs 50 from its current level, given rise in demand, said another trader.

Demand in pulses by and large remained stable with traders and millers not showing enthusiasm as arrival of new pulse seeds like chana and masoor gathered momentum.Unlike chana, demand in chana dal remained slack with the prices of chana dal (bold) in the spot quoted at Rs 3,075-3,100 a quintal, chana dal (medium) quoted at Rs 2,975-3,000 and chana dal average quoted at Rs 2,875-2,900 a quintal

With limited queries, other pulse seeds remained steady. Arrival of new masoor in the mandis has also gained momentum with about 700-800 bags being offloaded in the local mandis on daily basis. However, because ofrestricted demand, masoor ruled flat at Rs 3,100-3,125 a quintal. Masoor dal also remained steady at Rs 3,850-3,900 a quintal (bold quality), while masoor dal (medium) quoted at Rs 3,775-3,800 and masoor dal (average) quoted at Rs 3,650-3,700 a quintal.

Published on March 01, 2011

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