Commodities

Poor buying sustains bear pressure in pulses

Our Correspondent Indore | Updated on February 04, 2011 Published on February 04, 2011

BL05_COM2_PULSES





Lack of buying and demand resulted in bearish sentiments continuing in pulses and pulse seeds. With increased inflow of tur from Maharashtra and Karnataka, its prices witnessed a decline in the spot market on Friday. It was quoted Rs 100 down at Rs 4,250 a quintal.

On Thursday, tur saw a gain with its prices going up to Rs 4,350 a quintal on increased demand from millers, retailers and restricted arrival.

In Indore mandis, tur is coming primarily from Maharashtra and Karnataka. Due to its comparatively lower rate, local pulse mills are showing more interest in it and selling it as their own brand.

In line with fall in tur, its dal also declined by Rs 100 with prices of tur dal (marka) in the spot quoted at Rs 6,800 a quintal, while tur dal (full) quoted at Rs 6,400- 6,600 a quintal. Tur dal (sawa no.) quoted at Rs 6,000-6,100 a quintal.

Slack demand also pulled down prices of chana, masoor and its dal. In the spot, chana quoted Rs 20-25 down at Rs 2,540-2550 a quintal. Similarly, its dal also declined by Rs 25 with prices of chana dal (bold) quoted at Rs 3,250 a quintal, chana dal (medium) quoted at Rs 3,200 and chana dal (average) quoted at Rs 3,125-Rs 3,150 a quintal respectively.

masur

Sluggish demand also dragged masur and its by Rs 25 at Rs 3,350 a quintal. In the spot, masoor dal (bold) quoted at Rs 4,100-4,125, masoor dal (medium) quoted at Rs 4,025-4,050, while masoor dal (average) quoted at Rs 3,900-3,925 a quintal respectively.

Moong quoted at Rs 5,000-5,100 a quintal while moong mongar Rs 6,600-6,700 a quintal, moong dal (bold) quoted Rs 6,200 and moong dal (chilka) quoted at Rs 5,700-Rs 5,800 a quintal.

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Published on February 04, 2011
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