Poor offtake pounds pulses

| | Updated on: May 03, 2011
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Pulses ruled sluggish on subdued demand. Though local mandis on Tuesday remained closed on account of ‘Amavasya', chana witnessed an uptrend in private trading, primarily because of rise in chana futures whose May contract on the NCDEX closed Rs 45 higher.

On Monday morning, chana (kanta) which in the spot had been quoted at Rs 2,280-90 a quintal, further declined to Rs 2,270-75 a quintal with further decline in buying interest.

However, on Tuesday, chana gained Rs 40-50 to Rs 2,315-25 a quintal on increased demand in private trading and rise in futures.

Masoor which gained Rs 25 on Monday following rise in demand at the lower rate, ruled firm at Rs 3,025, while masoor (medium) quoted at Rs 2,700 a quintal. Tur also ruled steady at Rs 3,250 a quintal. On Monday, tur saw some improvement on increased queries for tur (Maharashtra).

However, no change was witnessed in tur dal with tur (marka) quoted at Rs 6,100 a quintal, tur dal (full) quoted at Rs 5,400-5,500, while tur dal (sawa no.) quoted at Rs 4,700-4,800 a quintal respectively.

Urad and moong also remained steady on weak buying interest. Urad remained firm at Rs 3,200-4,200 a quintal. Moong continued to rule steady with the prices of moong (bold) quoted at Rs 4,800-5,000 a quintal.

Published on May 03, 2011

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