Pressure On Cash Pulses Markets Continues On Factors Like Weak Demand/ Likely Normal Monsoon Rains

Cash pulses markets continued to wait for demand from the bulk buyers amid the increasing arrivals of Moong from summer crop, Lentil and Chana from Rabi crops. The decreased fuel cost, weak demand from the retail and wholesale end, an expectation of timely arrival of monsoon and the restricted buying by mills have broken the inner tone in the pulses markets. Ample stock of Chana and Moong in Central Pool, old stock holdings by trades are weighing on the market fundamentals. It would not allow the cash market to move up in the near term to medium term until or unless monsoon goes totally against the current market expectation market expectation.