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Most Pulses Settle Unchanged In Mumbai; Lentil, Urad Ends Lower

22 Jan 2020 8:19 pm
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MUMBAI (Commodities control) – Most pulses in Mumbai settled with a muted trade session, on Wednesday, due to general bearish sentiments in pulses across all major markets.

Pigeon pea Lemon Variety was flat at Rs 4850 during closing session today. The pulse has been witnessing pressure due to rising arrivals at the producing centres, and no takers for the produce yet.

However, Tur market will keep an eye on Karnataka’s procurement drive starting in February 1st week. It is likely to give some floor to the falling prices.

Meanwhile, Ukraine pea in Mumbai and Canada Pea at Mundra port settled unchanged at Rs 5650/100Kgs. Canada Green pea ended flat Rs 10,500-10,600.

Among lentils, Canada crimson: Cont and Australia Nugget closed flat, after a negative opening on Wednesday morning session, at Rs 4950 and Rs 5000 respectively. However, Canada-origin Masur closed Rs 25 lower in Hajira and Mundra port at Rs 4675 and Rs 4725, respectively.

Since the beginning of the weak, lentils, in Mumbai, have lost over Rs 200 due lack of buyers’ interest.

Meanwhile market will keep an eye next week on the Hearing of Jaipur High Court on the non-issuance of Customs’ Clearance to Pulses container imported against the stay order.

Traders expect some support for lentils due to expectation of domestic crop shortage. The sowing, as per trade sources, stands 50% lower. Market sees a minimum of 7-8 Lakh tonnes of import requirement for lentil in near-medium future.

According to the sources, arrivals of new Masoor will likely be delayed due to late sowing and weather concerns.

Imported chickpeas have been following the trend in domestic markets and thus, making negligible trade. All-origin Kabuli chana has been flat-to negative due to somber chana prices.

Russia Kabuli chana settled at Rs 4050-4150 and Sudan Kabuli ended at Rs 4150. Burma Kabuli closed the session at Rs 4000, while Ethiopia and Tanzania Chickpea were quoted at Rs 4050 and Rs 4150 by the end of Wednesday’s closing trade.

NCDEX chana March Contract ended Rs 75 or 1.8% lower to settle at Rs 4089. The slide in futures market kept a lid on Chana/Kabuli chana as well.

(Commodities Control Bureau)

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