Commodities

Tur falls on higher selling, weak demand

Our Correspondent Indore | Updated on May 17, 2011

pulses

Pulse seeds and pulses — barring tur and masoor — remained firm on subdued demand. Tur masoor declined on weak demand at the higher rates and increased selling. Chana ruled flat on steady demand at Rs 2,400-2,410 a quintal. Spot chana has been witnessing bullish trend on enthusiastic queries. Higher demand perked up chana on Monday to Rs 2,390-2,400 a quintal against Rs 2,375-2,380 on Saturday last week. On the other hand, chana ( desi) remained steady at Rs 2,350-2,360 and chana ( mausmi) quoted at Rs 2,400-2,600 a quintal. Rise in spot chana has also perked up its dal in the physical market by Rs 50-75 a quintal. On Tuesday, chana dal (bold) quoted at Rs 3,050-3,075, chana dal (medium) quoted at Rs 2,950-2,975 and chana dal (average) quoted at Rs 2,825-2,850 a quintal.

Downtrend in masoor continued on Tuesday on the back of increased selling and lower demand at the higher rate. In the physical market, masoor dropped by Rs 25 to Rs 3,025-3,030 a quintal, while masoor (medium) quoted at Rs 2,750. Masoor dal remained steady with masoor dal (bold) quoted at Rs 3,675-3,700 and masoor dal (average) quoted at Rs 3425-3,450 a quintal.

Tur, after improving slightly on Monday, witnessed limited queries at the lower rate, and declined by Rs 50. In the spot tur (white/Maharashtra) quoted at Rs 3,250 a quintal, tur (red/Maharashtra) quoted at Rs 2,900 and tur ( Nimari) at Rs 2,500-2,800 a quintal. Tur dal, however, ruled steady despite subdued demand with tur ( marka) being quoted at Rs 6,100, tur dal (full) quoted at Rs 5,400-5,500 and tur dal ( sawa no.) quoted at Rs 4,650-4,700 a quintal respectively.

Urad and moong also remained firm despite restricted queries. Urad (bold) in the spot quoted at Rs 4100-4,200 and urad (medium) quoted at Rs 3,800-4,000. Its pulses also remained steady with urad ( mongar) quoted at Rs 6,600-6,900, urad dal (bold) quoted at Rs 5,750 and urad dal ( chilka) quoted at Rs 4,600-4,650 a quintal. New moong ruled firm at Rs 4,700-5,100 a quintal on improved demand and old moong quoted at Rs 4,800. With the arrival of new moong, demand for old moong has weakened. Moong dal also ruled steady with moong (monger) ruling flat at Rs 6000-6,100 a quintal, moong dal (bold) at Rs 6,000 and moong dal ( chilka) quoted at Rs 5,450-5,500 a quintal.

Compared to wheat, arrivals of and demand for pulses have been falling in the local mandis, a pulse trader said.

Published on May 17, 2011

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