Commodities

Pulses flat on slack buying

Our Correspondent Indore | Updated on May 10, 2011 Published on May 10, 2011

pulses

All pulses and pulse seeds barring chana ruled flat in Indore mandis on slack buying interest and weak demand from the millers. Chana gained Rs 10-20 at Rs 2,300-2,310 a quintal on improved buying at the lower rate in the spot and rise in chana futures, whose May contract on the National Commodity and Derivatives Exchange (NCDEX) closed Rs 4 higher. On Monday, chana had declined on poorer demand with its prices in the spot being quoted at Rs 2,290-2,300 a quintal. Chana ( desi) quoted at Rs 2,250-2,275 and chana ( mausmi) quoted at Rs 2,400-2,600 a quintal. Arrival of chana in the local mandis continued to be weak with merely 2,000 bags arriving on Tuesday.

Contrary to the marginal rise in chana, chana dal on the other hand ruled steady on limited queries with chana dal (bold) in the spot quoted at Rs 2,925-2,950, chana dal (medium) at Rs 2,800-2,825 and chana dal (average) at Rs 2,675-2,700 a quintal.

Absence of demand kept masoor firm at Rs 2,975 a quintal and masoor (medium) ruled at Rs 2,650. Masoor dal ruled firm on subdued demand with masoor dal (bold) quoted at Rs 3625-3,650, masoor dal (medium) quoted at Rs 3,500-3,525 and masoor dal (average) quoted at Rs 3,400-3,425.

Tur rruled firm on improved buying at the lower rate. In the spot, tur (Maharashtra) remained steady at Rs 3,200. For the past few days, tur prices had been witnessing sluggish trend on increased selling pressure in Maharashtra. Besides, increased yield across the country has also added to bearish sentiments. Like other pulses, tur dal also ruled flat with tur mongar in the spot remaining firm at Rs 6,000, tur dal (full) quoted at Rs 5,300-5,400 and tur dal (sawa no.) quoted at Rs 4,550-4,600.

With increased inflow of summer moong in the mandis, bearish sentiment continues to prevail in old moong with its prices in the spot remaining firm at Rs 4,500-4,800 a quintal. Moong dal also ruled firm with moong ( monger) in the spot ruling at Rs 6,000-6,100, moong dal (bold) quoted at Rs 6,000 and moong dal (chilka) quoted at Rs 5,500-5,550.

Urad and its dal also ruled steady on sluggish demand. Urad (bold) in the spot quoted at Rs 3,900-4,000 and urad (medium) quoted at Rs 3,500-3,600. Urad dal also ruled firm with urad ( monger) quoted at Rs 6,500-6,800, urad dal (bold) quoted at Rs 5,600 and urad dal (chilka) quoted at Rs 4,500- 4,550 a quintal.

Dollar chana has been witnessing bearish sentiments for the past two-three days with decline in the demand both in the domestic and export market. Continuing its downtrend, dollar chana saw a further decline with its prices in the spot being quoted at Rs 5,800 a quintal. In the past two days, dollar chana has declined by about Rs 200-250 a quintal. Arrival of dollar in local mandis was lower with about 6,000 bags being offloaded against 7,000 on Monday.

Published on May 10, 2011
This article is closed for comments.
Please Email the Editor