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Rise in selling pressure and weak buying support have dragged prices of majority of pulses and pulse seeds in Indore mandis for the past few days.
Moreover, with a rise in arrival of soyabean in local mandis, traders in local mandis are laying more focus on its trading by releasing existing stock of pulse seeds with them.
With trading focus shifting to soybean, demand in pulses and pulse seeds have declined, leading to bearish sentiment in pulses, said a pulse trader Prakash Vora.
Tur (Maharashtra) declined by Rs 50 to Rs 4,250 a quintal on weak demand, so was tur (Madhya Pradesh) which slipped to Rs 3,300-3,400.
About a fortnight ago, tur (Maharashtra) prices had gone as high as Rs 4,700 a quintal.
However, since then there has been a continuous decline in its prices on weak buying support.
Tur dal (full) was stable at Rs 6,400-6,500, tur dal (sawa no.) at Rs 5,900-6,000, while tur dal (marka) ruled at Rs 7,100-7,200.
Weak demand and rise in selling pressure pulled down moong prices in local mandis by about Rs 200 to Rs 5,300-5,400.
Moong (medium) was stable at Rs 4,800-5,000.
Moong dal was unchanged with moong dal (medium) being quoted at Rs 6,300-6,400, moong dal (bold) at Rs 6,900-7,000, while moong dal (mongar) ruled at Rs 7,200-7,500 .
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