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Pulse demand set to soar at the onset of monsoon

posted Jun 28, 2011, 9:43 AM by NAVYUG Info

Pulses prices continued to show mixed trend in the physical markets with scattered demand. However, at the consumer end the demand for pulses, particularly chana, has increased because of decreased availability and higher prices of vegetables due to monsoons. International sentiments however continue to remain supportive for pulses with expected decline in acreage under pulses in Canada and US.

Urad prices remained firm on Monday across the country due to increased demand in the local markets. The prices gained Rs 20 – Rs 40 as there was a moderate decrease in arrivals which kept the sentiments firm. The offtake also improved in some of the centers which supported the prices. The prices of urad are expected to remain marginally weak in the range of Rs 3900 – Rs 4250 per quintal, for coming days as summer crop arrivals are expected to further increase in coming days. Overseas arrivals will also arrive soon which will further impact the prices.

Moong prices featured steady to firm trend on Monday due to improved trading interest by traders and millers. It was noticed that the sellers were not willing to lower the quotes and the demand also showed improvement in the markets. The prices of moong are expected to react sideways down in the range of Rs 3450 – Rs 4250 for coming days due to higher production of moong expected across the country as against previous year. Adequate stocks along with better production for moong in the country will contain the future increase in the moong prices.