Tur prices gone up

Our Correspondent Indore | Updated on April 12, 2012 Published on April 12, 2012


With mandis in Madhya Pradesh remaining closed today for the third consecutive day, trading activities in Indore mandis remained nil. Neverthless tur (Maharashtra) in private trading on Wednesday was quoted Rs 100 higher at Rs 3850 a quintal, while tur (Nimari) in private trading ruled at Rs 3000-Rs 3500 a quintal.

As compared to its prices last week, tur prices have gone up by almost Rs 200 a quintal.

Once arrival of tur picks up in local mandis after opening of mandis, tur prices may see a decline in the coming days. Traders have also ruled out any long rally in tur as arrival of `gulabi' tur in the local mandis in the coming days and large stock of imported tur, may add to bearish sentiment in tur, traders here said.

Among other pulse seeds, some scattered trading was seen in chana (kanta) and its prices in private trading was quoted Rs 25 down at Rs 3600 a quintal, while chana (desi) in private trading ruled at Rs 3450. With imposition of position limit in chana trading in future market from April 10 (which has been aimed at to reign in artificial speculation in chana future trading), chana prices may witness bearish sentiment in the coming days.

Amid negligible arrival, masoor continued to rule higher in private trading with prices of masoor (bold) going as high as Rs 3275-Rs 3300 a quintal. In absence of any trading, urad and moong prices remained unchanged.

Published on April 12, 2012
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