Commodities

Sluggish outlook for pulses on weak demand

| | Updated on: Jan 01, 2014
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With rise in arrivals of new crop, sluggish trend continued in tur on weak demand. Even as local mandis remained closed today, in private trading, tur (old Maharahstra) ruled at Rs 4,100-4,200, while new tur (Maharashtra) ruled at Rs 4,450-4,500. Similarly, tur new (Madhya Pradesh) ruled at Rs 3,800-3,900.

Given enthusiastic crop report, pressure of imported and new crop in local mandis, future of tur appears to be bearish. Further rise in arrival of new tur in mandis in the coming days will also lend strength to the bearish sentiment.

Tur dal ruled stable on poor demand with tur dal (full) today being quoted at Rs 6,000-6,300, tur dal (sawa no.) ruled at Rs 5,800-5,900, while tur marka ruled at Rs 6,700-6,900.

Slack demand also dragged urad prices by Rs 50-75 a quintal with urad (bold) currently being quoted at Rs 4,275-4,300, while urad (medium) ruled at Rs 3,800-4,000. Urad dal also declined by Rs 50-100 in the past one week on slack demand with urad dal (medium) being quoted at Rs 4,750-4,850, urad dal (bold) at Rs 4,950-5,050, while urad mongar ruled flat at Rs 5,500-5,900.

Moong ruled firm at Rs 6,000-6,400 while moong (medium) ruled at at Rs 5,400-5,700 . Poor demand in pulses dragged moong dal by Rs 100 in the past one week with moong dal (medium) being quoted at Rs 6,900-7,200 and moong dal (bold) at Rs 7,300-7,400, while moong mongar ruled at Rs 7,200-7,300 respectively.

Published on January 01, 2014

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