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

28 Oct 2020 6:11 pm
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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;)


       
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