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Pulses Mark Steady Close On Friday In Mumbai

24 Jan 2020 9:03 pm
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MUMBAI (Commodities control) – Week comes to close for Mumbai pulses market on a flat note. It’s third trading session in a row, when pulses, in Mumbai, settled with flat.

Pigeon pea Lemon Variety settled steady at Rs 4850 during closing session today. During the opening session, today, Tur managed a positive start Rs 25 higher. The pulse settled lower in the previous trading session owing to arrival pressure at the producing belt and lack of buyers due to lower quality arrived produce.

Tur has been witnessing pressure due to rising arrivals at the producing centres, and no takers for the produce yet.

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.

All imported peas managed to close flat. Ukraine pea in Mumbai settled at Rs 5600, Canada Pea at Mundra port closed at Rs 5550/100Kgs and Canada Green Pea ended at Rs 10,500-10,600.

This morning, Canada Pea at Mundra port dipped Rs 50 to trade at Rs 5550 and Ukraine Pea opened lower by Rs 50, in Mumbai, at 5600/100Kgs.

Canada Green matar opened flat at Rs 10,400-10,500 in Mumbai. The pea dipped Rs 100 in the previous session on lack of buyers.

A general sentiment of weak millers’ demand in all pulses, across the major markets, is weighing on pea prices as well. Pea prices are trading in a range following Chana prices. Chana in Spot and Futures, have been in a range for the whole week.

Chana March Futures on NCDEX pared its opening gains to close, down 0.58% or Rs 24, at Rs 4087/100Kgs.

All imported marked s steady settlement on Friday’s closing session. 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.

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 Friday’s closing trade.

(Commodities Control Bureau)

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