Delayed monsoon in the western part of the country has hit sowing and subsequently some categories of pulses may be hit. | |
| Chana is believed to be the safest category. However, moong, urad and, to some extent, tur may see bullish trend creeping into the market. |
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| Already, there is a shortage of tur in the country. Reports suggest that around 35 per cent of tur has been sown in Karnataka, the main tur producing state followed by Maharashtra. |
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| "But now with monsoon delayed by 4-5 days, the rest of the sowing will slow down," said a commodity analyst. |
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| In Delhi, spot rates of chana ranged between Rs 2,175 and Rs 2,200 a quintal. Market sources said that chana will remain range-bound and no major jump is on the cards. |
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| "Urad and Moong may see a rise of Rs 25-50 a quintal," said a source. In the capital's mandis, Moong, which a week ago was being sold at Rs 2,825 a quintal, climbed up to Rs 2,875 a quintal on Wednesday. |
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| In Indore, however, pulses' rates have been quite range-bound. "There has not been much movement in pulses here," said Suresh Agarwal, chairman, Madhya Pradesh Dal Udyog Mahasangh. |
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| According to him, the monsoon will hit the state within a day or two and sowing will follow soon. He added that some price softening could occur as monsoon arrives. Spot rates of Urad was reported at Rs 2,550 a quintal, chana at Rs 2,175, moong at Rs 2,580 and tur at Rs 2,400 a quintal. |
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| In Latur, spot rates of tur has been range-bound between Rs 2,425 and Rs 2,400 a quintal. Chana was traded at Rs 2,200 a quintal. Sanjay Darak, a Latur-based trader said that demand for chana was poor but added that the commodity rates will remain firm at the current levels. |
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| In Mumbai, spot rates of urad for FAQ (fair average quality) on Wednesday was Rs 2500 where as that of supreme quality (SQ) was at Rs 2,800 a quintal. Tur was at Rs 2,370 a quintal. |
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