Higher arrivals, slack buying halt pulses' rally

Our Correspondent Updated - April 10, 2015 at 09:15 PM.

The rally in pulses and pulse seeds which has been witnessed over the last few weeks seems to have ended amid increased arrival and decline in buying support at higher rate. Masur (bold) declined to ₹5,750-5,800, while masur (Madhya Pradesh) declined to ₹5,500. Two days back, masur prices had risen to as high as ₹6,000.

According to Prakash Vora, a local pulse trader, given large scale buying in masur and other pulse seeds in the past two weeks from the millers, demand may remain slack for sometime and it may drag masur and other pulse seeds by ₹100-200 a quintal in the coming days.

Masur dal (medium) went for ₹6,600-6,800, while masur dal (bold) ruled at ₹6,900-7,000.

Uptrend in urad continuing for the past sometime on slack arrival and strong buying from millers, has also ended with decline in buying support at higher rate. Urad (bold) declined to ₹6,900, while urad (medium) ruled at ₹6,300-6,400. Urad dal (medium) fetched ₹7,750-7,850, urad dal (bold) ₹8,050-8,150, while urad (mongar) ruled at ₹8,700-8,800.

Similarly, slack demand dragged moong by ₹100 with moong (bold) at ₹7,700-7,900, while moong (medium) ruled at ₹7,700-7,500. Moong dal (medium) traded at ₹9,100-9,300, moong dal (bold) ₹9,400-9,500, while moong mongar ruled at ₹9,500-9,800.

Published on April 10, 2015 15:45