Login ID:
Partner Login
Contact Us : 7066511911

Tur Pound in Indore On Government Extended Validity of Licence For Import

28 Oct 2020 6:11 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Indore (Commoditiescontrol) –: Government's fresh notification to increase import duration of tur till December 31, 2021 has pounded tur in Indore mandis in the past two days by Rs 500 a quintal with tur (Maharashtra) today declining to 7,100-Rs 7,200 a quintal, tur (Karnataka) to Rs 7,300, while tur (Nimari) declined to Rs 6,000-Rs 6,700 a quintal. Decline in tur also dragged it's dal with tur dal (sawa no.) today being quoted at Rs 9,300-Rs 9,400, tur dal (full) at Rs 10,000-Rs 10,100, while tur dal (imported) ruled at Rs 9,800-Rs 9,900 a quintal.

According to Prakash Vora, a local pulse trader, with government's decision to import 4 lakh tons of tur and expected arrival of new tur in December, long rally in tur appears unlikely in the coming days.

Urad and moong also traded low on weak demand and buying support from millers with urad (bold) today being quoted at Rs 7,500-Rs 7,900, urad (average) at Rs 6,000-Rs 6,500, while urad (inferior quality) ruled at Rs 5,500-Rs 5,500 a quintal. Weak demand also dragged urad dal with urad dal (medium) here today being quoted at Rs 8,700-Rs 8,900, urad dal (bold) at Rs 9,700-Rs 9900, while urad mongar ruled at Rs 9,800-Rs 10,000 a quintal.

Bearish sentiment also prevailed in moong with moong (bold) today declining to Rs 7900-Rs 8000, while moong (medium) ruled at Rs 6,000-Rs 7,000 a quintal. Moong dal also traded low on weak physical demand with moong dal (medium) today being quoted at Rs 8,000-Rs 8,400, moong dal (bold) at Rs 8,700-Rs 9,000, while moong amongst ruled at Rs 9,000-Rs 9,200 a quintal respectively.

(By Commoditiescontrol Bureau;)

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

   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
Pulses Commentary: Chana future stayed flat, market’s ‘...
Chana Traded Mixed in Major Spot Markets
Domestic Tur Mixed in Selective Mkts, Burma Variety Gai...
Moong Traded Higher in Rajasthan, Mixed At Other Mkts
Branded Processed Pulses At Mumbai APMC Market- 25th No...
Top 5 News
Comex Gold Edges Up as Recovery Hopes Ebb on U.S. Jobs ...
Crude Oil Extends Gains on Surprise U.S. Inventory Draw...
Heavy Rains Delayed Sowing in Telangana; Paddy Cultivat...
ICE Cotton Settles Lower as Speculators Liquidate ahead...
China's Imports of U.S. Soybeans Surge in October
Top 5 Special Reports
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Nov ‘20) – Consolidating Near Key Support (74....
Copyright © CC Commodity Info Services LLP. All rights reserved.