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Imported Lentils End Flat In Mumbai On Muted Buying, Postponement Of Jaipur HC Hearing

20 Jan 2020 6:19 pm
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MUMBAI (Commodities control) – Imported lentils did make a hopeful start of the week rising up to Rs 100 in the opening session, but lack of buyers’ interest and the postponement of Jaipur High Court Hearing led to a flat closing at Mumbai pulses market, on Monday.

Canada Crimson:Cont and Australia Nugget settled quietly at Rs 5100 and Rs 5150, respectively. While Canada Masoor at Hajira and Mundra Port ended at Rs 4850 and Rs 4950, respectively.

Most of the pulses, barring chana and matar, were steady-to-positive due to postponement of Jaipur High Court’s Hearing on the non-issuance of Customs’ Clearance to Pulses container imported against the stay order.

The containers have been stuck at the port for several weeks now. The hearing is now to take place on 27th January, as per market sources.

Also the arrivals of new Masoor are likely be delayed due to late sowing and weather concerns. However, it will not affect the new Masoor crop, as it is yet to reach the flowering stage.

All imported lentil prices shot up, today, by Rs 25-100 across Delhi, Mumbai, Kolkata during the opening session. Prices of lentil have continued upwards momentum on the back of millers’ buying spree.

Sellers have been reluctant, on the hand, at releasing all their stock at the prevailing rates in anticipation of higher prices. Limited stock of ready import, and lag in lentil acreage lends added support to the rising prices.

(Commodities Control Bureau)

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