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Sluggish Demand, Enthusiastic Crop Report Takes M.P Pulse Seed Prices Southward

3 Dec 2020 8:29 pm
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Indore Commodities Control: Robust crop report, rise in sowing area in chana and other pulse seeds, pressure of imported crops and weak buying from the retailers and hotel industries have pounded pulse seeds in Indore and other mandis in Madhya Pradesh.

Urad (bold) in Indore mandis today declined by Rs 500 at Rs 7000-Rs 7500 a quintal. Urad (average) declined to Rs 5000-Rs 6000, while urad (infected quality) ruled at Rs 3500-Rs 4500 a quintal.

In Neemuch mandi also urad today declined sharply with urad (best quality) today declining to Rs 6210-Rs 6900, while urad (average) declined to Rs 4000-Rs 5650 a quintal.

Moong also declined by Rs 400 at Rs 7200-Rs 7600, while moong (average) ruled at Rs 6000-Rs 6500 a quintal. Tur also declined by Rs 200 with tur (Maharashtra) today being quoted at Rs 6,100-Rs 6200, while tur (Nimari) slipped to Rs 5,000-Rs 5,700 a quintal.

Similarly, masur today declined by Rs 100 in Indore to Rs 5100 a quintal, while at Neemuch mandi, masur (bold) today declined to Rs 5000-Rs 5050, while masur (medium) ruled at Rs 4300-Rs 4810 a quintal.

Prakash Vora--a local pulse trader, attributed the crash in pulse seeds prices to government's faulty import policies. “The government agencies should have released pulse seeds earlier when the majority of pulse seeds in mandis were ruling higher.”

“However, after the government's recent notifications for the import of tur, moong, masur and urad, the government agencies like NAFED have also started releasing its stock in the market at a lower rate, leading to a sharp crash in pulse seeds prices”, he added.



       
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