Imported pulses trading Firm

Imported pulses are traded firm at major centers due to millers buying support at current prices for immediate crushing requirement. Rains in south India and forecast for heavy rains has also supported the prices as new crop likely to arrive in January in Tamil Nadu. At ports, Forward outstanding trades for November delivery contracts are almost completed and fresh buying is witnessed by speculators and stockiest at lower rates anticipating short supply in future. Given the lack of urad supplies in the spot market, if the imports of stay orders are not cleared by customs and the rains continue in South India, Urad prices may see a good increase.