Pulses drag on lack of buying

Our Correspondent Indore | Updated on March 18, 2011


Majority of pulses ruled sluggish at Indore mandis on subdued demand, while downtrend in chana, tur and chana dal continued on Friday on lack of buying support and poor demand. On Thursday, chana saw a sharp rise with prices in the spot quoting as high as Rs 2,450 a quintal on active buying interest from stockists and millers. However, the market saw correction in the second-half of the day with profit booking dragging prices to Rs 2,400- 2,410 a quintal on decline in buying support at higher rate.

On Friday morning, chana prices in the spot opened at Rs 2,370-2,375 a quintal, Rs 30-35 down from the previous day's close but due to low demand from the millers and stockists, prices further declined to Rs 2,350-2,360 a quintal, down Rs 60 compared with its price on Thursday.

Chana (desi) quoted at Rs 2,325 and chana (mausmi) quoted at Rs 2,300-2,500 a quintal. Chana dal, however, ruled firm with chana dal (bold) in the spot quoted at Rs 3,100-3,150 a quintal, chana dal (average) quoted at Rs 3,000-3,050 and chana dal (average) quoted at Rs 2,900-2,950 a quintal.

Downtrend continued in masoor with prices in the spot further declining by Rs 25 at Rs 3,275 a quintal on slack demand, while masoor (medium) quoted at Rs 3,050 a quintal. In the past two days, masoor has witnessed a fall of Rs 50. Masoor dal remained steady with masoor dal (bold) in the spot quoted at Rs 3,950-3,975 a quintal, masoor dal (medium) quoted at Rs 3,800-Rs 3,825 and masoor dal (average) quoted at Rs 3,700-3,725 a quintal. Tur continued to rule sluggish on poor buying support. In the spot, tur (Maharashtra) quoted Rs 50 down at Rs 3,850-3,875 a quintal, while tur (red) quoted at Rs 3,600 a quintal and tur (nimari) quoted at Rs 3,400-3,500 a quintal.

Published on March 18, 2011

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