Login ID:
Password:
Partner Login
Contact Us : 7066511911

Delhi Pulses Market Witnesses Muted Trade

24 Jan 2020 4:54 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commodities control) – Barring New SQ urad that dipped Rs 50 during Friday’s trade, all the other pulses have traded rock-steady.

The entire week was themed on slack buyer participation and sentiment of weakness across major markets.

On Friday, Lemon-variety Tur traded flat in the range of Rs 5025-5050. After losing nearly Rs 150 in last 3 trading sessions, the pulse has steadied today. The pulse has been under pressure owing to rising arrivals at the producing belt and lack of buyers due to lower quality arrived produce.

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

Meanwhile, Canada Lentil traded flat at Rs 4950/100 Kgs. Imported lentil managed to put a break on 2 day’s fall. 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.

Desi moong and New FAQ Urad are reportedly trading flat at Rs 7500-7800 and Rs 6900, respectively.

(Commodities Control Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Raw/Processed Chana Extends Gain in Spot Markets
Tur/Tur Dal Gains At Major Markets
Burma Urad Settles Weak In Mumbai On Dim Buying Interes...
Tur/Rajma Prices Lifted Through Local Buying In Delhi
Canada Green Pea Continues To Trade Higher in Mumbai
more
Top 5 News
BMD CPO Falls On China Concerns
Indonesia's Palm Oil Exports To China Fall Sharply Due ...
Malaysia Rubber Physical Prices (Sen/Kg) 18 February ...
Tocom/ Shangahi Rubber Price 18 February 2020
Comex Gold Ups To 2-Wk Top As Business Revenues Strain ...
Top 5 Special Reports
Chana Indore (Kabuli 42-44 Count Spot) - Bearish Price ...
Mumbai Lentil (Masoor) - Pullback Extends Further / Nex...
Kolkata Pea(Matar)-May Decline Further Towards Channel ...
USD/INR (Feb. 20) Neutral Stance: Prices Consolidati...
USD/INR (Feb. 20) Neutral Stance: Prices Consolidati...
Copyright © CC Commodity Info Services LLP. All rights reserved.