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Futures and Commodity Market News |
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Sat May 17, 2008 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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New Delhi, May 09, 2008 (Asia Pulse Data Source via COMTEX) -- The wholesale prices of gram and its dal (local) today fell between Rs 50 and Rs 70 per quintal in the national capital after government banned futures trading in the commodity. Gram prices fell by Rs 50 to Rs 2350-2355 per quintal while its dal (local) prices lost Rs 70 at Rs 2620-2267 a quintal. Traders said government's decision to ban futures trading in gram helped its prices to decline. The government has banned futures trading in Chana, soya oil, potato and rubber for four months. "Government's decision to ban futures trading in some commodities is a step in the right direction", said a wholesale grain trader. "Prices are likely to decline in coming days", he added. Following were today's quotations (per quintal): Urad Maharashtra 2050-2275, Rangoon 2250-2325, Urad chilka (local) 2700-2950, best 3000-3450, dhoya local 2950-3250, best 3300-3400, Moong Maharashtra 2275-2575, Rajasthan 1975-2175, dal moong chilka local 2750-2900, best 3000-3200, moong dhoya local 3050-3250, best quality 3150-3500, masoor small 2975-3175, bold 3275-3425, dal masoor local 4175-4325, best quality 4325-4475 Malka local 4150-4350, best 4500-4600, Moth 1800-1900, Arhar Maharashtra 2575-2625, Rangoon 2450-2550, dal arhar dara 3375-3625 and patka 3600-3900. Gram 2350-2355, gram dal (local) 2620-2670, best quality 2985-3185, besin (35 kg) shakti bhog 1275 rajdhani 1280, Rajmah chitra Pune 3150-3700, China 3500-3850, red 3150-3250, kabli gram small 2600-3350, dabra 2775-2875, imported 4600-4700, lobia 2200-2600, peas white 2350-2400 and green 2400-2500. |
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Copyright 2008 APU Newswire. All rights reserved. Please read the End User Agreement. News provided by COMTEX |
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