Urad, arhar prices rise on tight stocks, increase in demand

NEW DELHI: Wholesale prices of urad, arhar and other pulses rose in the national capital, largely due to paucity of ready stocks, as domestic output declined against increase in demand.

Sentiments in pulses remained bullish on scarcity of ready stocks and delay in sowing due to scanty rainfall and decline in domestic output, traders said

They said costlier imports after rates in the overseas market hardened, also gave push to the rise in pulses price at domestic markets.

In the national capital, urad inferior and superior quality traded notably higher in the range of Rs 3,600-4,200, while urad dal dhoya was quoted at Rs 5,600-6,000 per quintal at wholesale market.

Arhar traded sharply higher at Rs 5,100-5,300 per quintal, while dal arhar climbed to Rs 7,000-7,300 per quintal largely, despite a series of measures taken by the government to curb rising prices.

Masoor small and bold zoomed to Rs 4,600-4,700 and Rs 4,400-4,500 per quintal from Rs 4,400-4,500 and Rs 4,200-44,300, while dal masoor rose to Rs 5,300-5,400 per quintal as against last close of Rs 4,800-4,950.

Rajmah chitra pune prices went up by Rs 200 to Rs 3,300-3,900 per quintal and lobia strengthened to Rs 2,400-2,900 per quintal from Rs 2,150-2,550.

However, gram and its dal (local) traded Rs 50 lower at Rs 2,400-2,425 and Rs 2580-2,630 per quintal.