Select pulses slide on low demand

New Delhi, Oct 25 Weak conditions prevailed at the wholesale pulses market today as select pulses led by urad and gram drifted lower by up to Rs 300 per quintal owing to slackened demand against adequate stocks position.

Traders said besides easing demand from retailers, ample stocks position on increased supplies in the market, mainly kept urad, gram and other pulses down.

Meanwhile, the government yesterday increased the minimum support price (MSP) of pulses by Rs 200 per quintal to help boost the output of these crops and check prices.

In the national capital, urad and its dal chilka fell by Rs 300 each to Rs 4,200-5,700 and Rs 5,300-5,400 per quintal respectively. Its dal best quality and dhoya followed suit and enquired lower by a similar margin to Rs 5,400-5,900 and Rs 5,800-6,000 per quintal.
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