Weak arrivals, buying support lift pulses

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


Enthusiastic buying support in pulses and weak arrivals have lifted prices of almost all the pulses and pulse seeds in Indore mandis in the past two days.

However, masoor (best quality) prices, which had risen to Rs 3,500 a quintal on Wednesday on improved queries and slack arrival, slipped to Rs 3,475 on decline in demand . Masoor (medium) ruled stable at Rs 3,250-3,300.

According to Prakash Vora, masoor prices in the coming days will likely to remain range-bound between Rs 3,300-3,500, given availability of large stock of imported masoor in the market.

But at the same time, there is also a possibility of masoor prices going up by Rs 100-200 a quintal with further rise in demand during the coming festive season, said another trader. Rise in buying support in spot masoor has lifted masoor dal (average) to Rs 3,925-50, masoor dal (medium) at Rs 4,025-50, while masoor dal (bold) ruled at Rs 4,100-4,125.

Improved demand and weak arrivals have also lifted urad prices in local mandis by Rs 200 a quintal in the past two days with prices of urad (best quality) at Rs 3,600-3,800 a quintal, while urad (medium) ruled at Rs 3,100-3,500.

Similarly, improved buying support ahead of festival season, has also lifted urad dal (medium) at Rs 4,300-4,400 (Rs 4,200-4,300), urad dal (bold) at Rs 5,100-5,200 (Rs 4,900-5,000), while urad dal (mongar) was Rs 5,800-6,200 a quintal (Rs 5,800-6,100).

Similarly strong buying support in pulses and rise in arrival of better quality moong have also lifted moong prices with moong (best quality) ruling at Rs 5,000-5,200 a quintal, while moong (medium) ruled at Rs 4,200-4,300 a .

Given rise in demand in the best quality moong, its prices may zoom to Rs 5,500 a quintal in the coming days, said a trader.

Published on October 12, 2012
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