Tur dal rates finally begin to slide in Nagpur

After a continuous rally for one week, tur dal prices finally eased as the state governments woke up to rein in the prices.

On Saturday, as the governments of Madhya Pradesh, Maharashtra and Karnataka swung into action, the rates came sliding down though they are still much above the common man's comfort level. With unprocessed tur priced up to 12,500 a quintal, the rates of dal have come down in the range of 185 to 190/kg. It had touched 210/kg on Friday Stock Market Trading Tips

Even as Maharashtra is still considering curbs on stock limits, Madhya Pradesh has already issued orders limiting the stock to be held by a wholesaler to 2,000 quintal in big cities and 1,000 quintals in category B cities. A retailer can no longer keep more than 50 quintals of pulses in MP. There were reports of raids against hoarding in Delhi and NCR, too.

This has quickly brought down the rates of tur whole to 12,500 from 15,500 a quintal, that was reached on Thursday. Traders say that lemon tur was quoted in the range of 13,000 to 12,500 throughout Saturday.

Pratap Motwani of Itwari Grain and Seeds Merchants said fear of government action has worked and the traders have quickly lowered the rates. The rates of other pulses like moong, urad and chana too have proportionately come down Indian stock market astrology prediction

Prices of tur dal had moved faster than any scrip in the stock markets, gaining almost 10/kg each day during the last week. Trade sources say many traders who had booked their stock at lower rates in advance were only bringing the import consignments when the rates went up.

Sources say importers had made a killing out of the shortage in the country and were increasing the prices of tur whole at will.

As the domestic stock was almost exhausted, the market had to depend on imports from Myanmar and to some extent African countries Commodity Market Astrology Tips