Quantcast

Commodities





Commodity News

Commodity Prices : MCX, NCDEX, NMCE, Spot Rates

Commodity Trading Tips

For medium and high value investors
For brokers,sub brokers and high value investors
For those who trade in just one commodity
For those who trade in Mini Lots

Equity Trading Tips

Intraday Futures and Option calls
Specially filtered 4 to 7 calls per day
For those who trade in just one commodity

Commodity Outlook

Reports

Last Updated :May 26, 13:58 IST
970.6     (0)
1140     (0)
19501     (0)
Get MCX/NCDEX/NMCE Futures Rates
Last Updated : 05 October 2009 at 13:45 IST
Follow us on and for updates

Pulse prices sky rockets, with little political impact

 SHARE THIS STORY
0
0
NEW DELHI (Commodity Online): Prices of all pulses in India is touching new high but unlike commodities like onion or Sugar, these are not the hot topics for the election season any more.

Fortunately, states like Maharashtra is witnessing a flood situation which has diverted the real issues and some like Haryana is riding on a Congress confidence levels.

Prices of Chana, Tuar dal, Urad Dal, Moong Dal and the entire family chain of dals have gone up with Urad almost doubling itself.

Understandably, the demand for pulses usually goes up during the country's peak festival season which falls from August to October.

As far as Chana is concerned, its production is around 7.05 MMT and this is going to go up as the acreage under Chana in the coming Rabi season will be more due to higher moisture level.

But this doesn’t reflect any price fall and to contain the prices, the Union Cabinet extended by one year, the limits on the quantity of rice, sugar, pulses and cooking oils traders can hold, to prevent hoarding as the prices of essential food items are on a spiral following an erratic monsoon.

But the rains are back with a vengeance keeping some areas under its mighty hold while leaving out some areas.

According to the latest release of Ministry of Agriculture, Area under Pulses was reported to be 96.14 lakh ha, which is 4.2 lakh ha more than the last year. Major increase was in case of Urad crop (1.8 lakh ha.) in the State of Madhya Pradesh and for Moong crop (1.7 lakh ha.) in the State of Karnataka.
NCDEX GOLDINTLMAY2012 30 May 2012 contract was trading at Rs 0 . What's your view on it?
Post your comment  (0)
Connect:
Post to Twitter
Post to Facebook