Commodities

Imports hold key to masoor prices

Our Correspondent Indore | Updated on January 25, 2013 Published on January 25, 2013

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Masoor has been witnessing an uptrend for the past couple of days on slack arrival and rise in demand.

On Friday, masoor (bold) ruled firm at Rs 3,650-75 a quintal, while masoor (medium) ruled at Rs 3,450.

Compared with its prices last week, masoor is up Rs 50-75.

Four days ago, masoor prices had gone up to Rs 3,700.

Even as domestic crop prospect appears to be weak with sowing area declining, dependency on imported masoor is bound to increase this year and masoor prices may go either way depending on arrival and supply of imported masoor, said pulse trader Prakash Vora.

Last week, masoor prices declined to Rs 3,600 amid report of offloading of two lakh tonnes of imported masoor in Mumbai port.

With decline in buying support in spot prices, masoor dal has fallen by Rs 25 in the past one week.

On Friday, masoor dal (average) ruled at Rs 3,875-3,900, masoor dal (medium) at Rs 3,975-4,000 while masoor dal (bold) ruled at Rs 4,100-4,125.

Moong (bold) was quoted at Rs 5,200-5,500 (up Rs 100), while moong (medium) ruled at Rs 4,500-4,800.

Strong demand lifted moong dal (medium) to Rs 6,000-6,100, moong dal (bold) at Rs 6,800, while moong mongar ruled at Rs 7,100-7,300.

Urad and its dal on the other have declined on slack demand.

Urad (bold) quoted at Rs 3,300-3,350 (down Rs 100 from last week), while urad (medium) declined to Rs 3,000.

Similarly urad dal has also declined on slack demand.

Urad dal (medium) was quoted at Rs 4,000-4,100, urad dal (bold) at Rs 4,600, while urad mongar has declined to Rs 5,700-5,900 (down Rs 100 from last week).

Published on January 25, 2013
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