Even as demand for pulses remained sluggish, masoor at local mandis ruled stable with masoor (bold) in the spot being quoted at Rs 3925-50 a quintal, masoor (medium) on the other hand ruled at Rs 3,650 a quintal. In the beginning of August, masoor prices had soared to Rs 4,050 a quintal on the back of robust buying support but with heavy rains lashing the state a couple of weeks back, masoor prices had declined to Rs 3,850-3,900 a quintal. However, for the past couple of days, masoor prices have remained range-bound, hovering between Rs 3,900-3,950 a quintal. Given a decline in domestic stocks and delay in the next crop, which is still 6-7 months away, major farmers and stockists at the primary mandis have stocked up available domestic stock with them and this would only lead to a rise in masoor prices in the coming days, said a whole-sale pulse trader Prakash Vora.
However, at the same time, he maintained that masoor prices in the coming months may not cross Rs 4,200 a quintal, given availability of imported masoor in the market.
Most traders this correspondent spoke to ruled out major decline in masoor prices at the current level, given weak domestic stocks, higher import and delay in the next masoor crop. With an expected rise in demand during the festival season, stockists in Madhya Pradesh are preferring to hold back stocks, they said.
On the other hand, against prices last week, masoor dal at local
A sluggish trend prevailed in moong on a higher arrival of new moong
Moong (new) at local mandis declined by Rs 100 to Rs 4,600-4,700 a quintal amid arrival of 500 bags of new moong. On the other hand, moong (old) ruled stable at Rs 4,800-5,000 a quintal. Similarly moong (medium) also declined to Rs 4,200-4,300 a quintal. Moong dal on the other hand remained unchanged with moong dal (medium) being quoted at Rs 6,100-6,200 a quintal, moong dal (bold) at Rs 6,200-6,600 a quintal, while moong mongar ruled at Rs 7,000-7,100 a quintal. As compared with its prices last week, moong dal at local mandis has declined by over Rs 100 a quintal.
Downtrend also witnessed in urad with prices of urad (bold) at local mandis on Friday declining to Rs 3800-Rs 3900 a quintal on poor demand. Urad (medium) on the other hand ruled at Rs 3,200-3,500 a quintal. Urad dal on the other hand remained stable with urad dal (average) at local mandis ruling at Rs 4,400-4,500 a quintal, urad dal (medium) at Rs 5,400-5,500 a quintal, while urad (mongar) ruled at Rs 6,300-6,600 a quintal.