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Most Pulses Close Flat In Mumbai; Tur, Urad Ends Lower

23 Jan 2020 8:13 pm
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MUMBAI (Commodities control) – Thursday was the second trading session in a row, when most pulses in Mumbai settled with flat., on Wednesday, due to general bearish sentiments in pulses across all major markets.


Pigeon pea Lemon Variety dipped Rs 25 to settle at Rs 4825 during closing session today. The pulse has been witnessing pressure due to rising arrivals at the producing centres, and no takers for the produce yet.

However, Tur market will keep an eye on Karnataka’s procurement drive starting in February 1st week. It is likely to give some floor to the falling prices.


Meanwhile, Ukraine pea in Mumbai witnessed zero trade activity and settled at Rs 5650, Canada Pea at Mundra port opened weak to close at Rs 5600/100Kgs. Even Canada Green pea lost Rs 100 during the opening session and settled at Rs 10,500-10,600, at the end of Thursday’s trade.

However lentils marked a positive start of the day’s session, Rs 25-50 Higher, and managed to settle steady. Canada crimson: Cont and Australia Nugget closed flat ended at Rs 4975 and Rs 5025 respectively. While Canada-origin Masur at Hajira and Mundra port settled at Rs 4700 and Rs 4775, respectively.

Traders are of the opinion that millers’ demand is likely to recover next week onwards. This will likely take masoor prices to Rs 5300 mark, gradually though. Markets experts attribute this to firm international prices, along with supply concerns in domestic market.

Meanwhile market will keep an eye next week on the Hearing of Jaipur High Court on the non-issuance of Customs’ Clearance to Pulses container imported against the stay order.

According to the sources, arrivals of new Masoor will likely be delayed due to late sowing and weather concerns.

Imported chickpeas had another day of lull trade, without any price movement at all. All-origin Kabuli chana has been flat-to range bound due to quiet chana prices.

Russia Kabuli chana settled at Rs 4050-4150 and Sudan Kabuli ended at Rs 4150. Burma Kabuli closed the session at Rs 4000, while Ethiopia and Tanzania Chickpea were quoted at Rs 4050 and Rs 4150 by the end of Wednesday’s closing trade.

NCDEX chana March Contract ended Rs 23 or 0.56% higher to settle at Rs 4112.

(Commodities Control Bureau)


       
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