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Delhi Pulses Market Witnesses Muted Trade

24 Jan 2020 4:54 pm
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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)


       
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