Moong and Masoor prices went up on the wholesale grain market on Wednesday in the process of trading, dealers said. Commenting on the rising trend in the US currency, some experts said that after steep gain in the dollar's value, the imports became costlier because they have to pay more in the coming days.

On the cereals side, Moong Punjab picked up Rs 25 to Rs 7500, Moong Peshawar gained Rs 50 to Rs 8000, Masoor Canada was higher by Rs 1000 to Rs 6000, Masoor Dal Canada rose by Rs 600 to Rs 7000, Urad Burma followed same pattern, picking up Rs 250 to Rs 2900, said. On the seeds side, Til low variety was down by Rs 200 to Rs 6100 and the best type was lower by Rs 300 to Rs 6300, they said. The rates on the grams and rice sectors were unchanged in the process of slow trading, they said.

Copyright Business Recorder, 2012