Commodities

Pulses boil on crop failure fears, demand

Our Correspondent Indore | Updated on January 25, 2011 Published on January 25, 2011

BL22_COM2_PULSES





Galloping demand and expected decline in pulse seeds production because of cold wave and frost in pulse-seeds producing States, have lifted pulses in Indore mandis to an unexpected level.

Particularly in the past two-three days, prices of both pulses and pulse seeds have zoomed Rs 200-600 a quintal, primarily because of robust demand from both retailers and millers. Especially tur and its dal have witnessed a record rise in its prices in the past few days. Tur (Maharashtra) in the past two days has gained Rs 400-500 a quintal, while tur dal (marka) perked up by Rs 600 in a span of two days. Steep rise in tur and its dal has primarily been attributed to low arrival and damage to large-scale tur crops in Maharashtra, Karnatakka and Madhya Pradesh (major tur-producing states) on account of extreme cold and frost there. Continuing its rally, tur (while) in Indore mandis on Friday perked by Rs 300 at Rs 4,700-4,800 a quintal. Taking cue from the rise in pulse seeds, the prices of tur dal (marka) in the spot soared to Rs 7,400 a quintal, up Rs 200. On Thursday also, tur dal (marka) witnessed steep rise with its prices in the spot quoted Rs 400 up at Rs 7,200 a quintal. In the spot, tur dal (full) quoted at Rs 6,800-6,900, while tur dal (sawa number) quoted at Rs 6,100-6,200 a quintal.

Uptrend also continued in other pulses with chana (bold) quoting Rs 100 up at Rs 3,350-3,375 a quintal, chana dal (medium) at Rs 3,250-3,275 a quintal, while chana dal (average) quoted at Rs 3,125-3,150. Steep rise in chana dal was also attributed to rise in chana spot prices which zoomed to Rs 2,650 a quintal, an increase of Rs 100.

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Published on January 25, 2011
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