Commodities

Moong may top Rs 6,000 a quintal on output concerns

Our Correspondent Indore | Updated on October 10, 2012 Published on October 10, 2012

BL11_COM2_MOONG

Barring chana, all pulses and pulse seeds in Indore mandis ruled stable on Wednesday.

Tur, which had been witnessing sluggish trend for the past few days, saw a rise in its prices on increased festival demand. In the spot, tur (Maharashtra) Indore delivery ruled at Rs 4,300 a quintal, while tur (Madhya Pradesh) ruled at Rs 4,150-4,200 ,tur (lemon) at Rs 3,900 a quintal.

Tur dal also ruled steady with tur dal (full) in local mandis on Wednesday being quoted at Rs 6,200-6,300 a quintal, tur dal (sawa no.) at Rs 5,700-5,800, while tur dal (marka) ruled at Rs 6,800.

Moong and its dal ruled firm amid report of decline in crop output in major growing States of Rajasthan and Maharashtra.

In the spot, moong (best quality) ruled firm at Rs 5,000 a quintal, while moong (medium) ruled at Rs 4,200-4,400.

Due to deficient rainfall in Rajasthan in the initial phase of monsoon and majority of farmers switching over to guar crop, the area under moong has witnessed a substantial decline.

Added to this, damage to standing crops on account of heavy rainfall during the last phase of monsoon further affected crop prospect in Rajasthan, said a trader adding moong prices would reach the level of Rs 6,000 a quintal in the coming days.

Rise in spot moong, has also perked up its dal in local mandis by Rs 200-300 a quintal in the past one week.

In the spot, moong dal (medium) ruled at Rs 5,200-5,300, moong dal (bold) at Rs 5,900-6,000 (up Rs 200), while moong dal (mongar) ruled at Rs 6,300-6,600 a quintal (almost Rs 300 higher from the last week).

Published on October 10, 2012
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