Masoor: likely to rise after stay - 11 May, 2016

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Masoor is being quoted up Rs 200 / 250 by the importers seeing bullish clues from the overseas markets amidst thin arrivals from the major producing regions. Consequently, its prices for dal and without dal in Delhi market rose to Rs 6000 and Rs 6150 respectively. At present, the loading for the new crop with bold variety from Pratap garh line has been very slow because bad weather has hit the crop. So, the outlook is not bearish. Now the market has stayed because of some importers entered in the market and they are selling the old stock. Thus, the market may witness a downtrend of Rs 50 but later it is likely to rise further.

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