Commodities

Pulses rule flat on slack demand

Our Correspondent Indore | Updated on February 22, 2011 Published on February 22, 2011

BL23_COM2_PULSES_

Pulses continue to rule flat in Indore mandis on slack demand, while downtrend witnessed in tur with its prices witnessing a further dip on decline in demand even at the lower rate. According to a pulse trader Mr Bimal Jain, it has been after a long time that sluggishness in pulses has extended to such a long time.

Absence of demand in pulses and pulse seeds seems to be intriguing for the traders as they have not been able to ascertain the reasons as to why the traders are keeping themselves away from the market. According to another pulse trader, market is witnessing subdued trading as the millers and stockists are showing reluctance in stocking up pulses and pulse seeds.

Millers are trading in pulses only based on their requirements, he added. On Tuesday with further dip in demand, tur and its dal declined by Rs 50 and Rs 100 respectively.

Spot market

In the spot, tur on Tuesday quoted at Rs 4,100, while tur dal (marka) quoted at Rs 6,400, tur dal (full) — Rs 6,000 and tur dal (sawa no.) quoted at Rs 5,200-Rs 5,400. Chana remained steady at Rs 2,500 on subdued demand. Arrival of new chana in the mandis has also gained momentum.

On Tuesday, about 800-1,000 bags of new desi chana arrived in the local mandis and it was quoted at Rs 2,450 a quintal. Chana dal gained marginally with chana dal (bold) in the spot quoted at Rs 3,200-Rs 3,225 a quintal, while chana dal (medium) quoted at Rs 3,100-Rs 3,125 and chana dal (average) quoted at Rs 3,000 a quintal.

Slack demand dragged masoor by Rs 25 at Rs 3,200 a quintal, while masoor dal remained firm with prices of masoor dal (bold) quoted at Rs 3,900-Rs 3,925, masoor dal (medium) quoted at Rs 3,775-Rs 3,800, while masoor dal (average) quoted at Rs 37,00-Rs 3,725 a quintal.

Moong remained steady at Rs 4,800-Rs 4,900 a quintal. In the spot, moong mongar quoted at Rs 6,500, moong dal (bold) quoted at Rs 6,100 and moong dal (chilka) quotedd at Rs 5,400-Rs 5,500 a quintal. Urad and its dal also remained firm on lack of buying support. In local mandis urad quoted at Rs 4,000-Rs 4,125, urad mongar quoted at Rs 6,300-Rs 6,800, urad dal (bold) quoted at Rs 5,800 and urad dal (chilka) quoted at Rs 4,700-Rs 4,800 a quintal.

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Published on February 22, 2011
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