Imports likely to keep masoor on leash

Our Correspondent Updated - November 02, 2012 at 10:09 PM.

BL03_PULSES

Pulses and pulse seeds in mandis here continued to trade lower on weak offtake.

Arrival of imported masoor has brought down demand for domestic masoor in the past few days.

On Friday, bold masoor ruled at Rs 3,375 a quintal (Rs 3,400), while medium ruled at Rs 3,200 a quintal. Masoor in the past one week has fallen by almost Rs 100 a quintal.

According to pulse trader Kamal Agrawal, rising imports and sales are likely to keep masoor bearish in the near future.

Compared with last month, masoor in mandis here is down over Rs 400 a quintal.

Masoor dal ruled steady despite sluggish demand, with average dal being quoted at Rs 3,950-3,975, medium dal at Rs 4,025-4,050 bold dal at Rs 4,125-4,150 a quintal.

Slack demand dragged down urad and its dal. In the spot market, bold urad declined by Rs 50 to Rs 3,450-3,500 a quintal, while medium urad declined to Rs 3,000-3,100 a quintal.

Medium urad dal quoted at Rs 4,200-4,300, bold dal at Rs 5,000 a quintal (Rs 5,100), while mongar ruled at Rs 5,600-6,000 a quintal (Rs 5,700-Rs 6200).

Tur, moong and their dals ruled stable with tur (Maharashtra) ruling at Rs 4,250 a quintal and tur (Nimari) at Rs 3,300-3,500.

Bold moong ruled flat at Rs 5,300-5,400 and medium at Rs 4,800-5,000 a quintal.

Published on November 2, 2012 16:39