New demand lifted chana a little in local mandis here on Tuesday, quoting at Rs 5,100-5,125 a quintal (Rs 5,050-5,100). Desi chana ruled at Rs 4,900 a quintal.

Kanta chana soared to Rs 5,200 a quintal on buying by millers. With demand outstripping supplies, chana prices in the past one month have gone up by Rs 600 a quintal. On July 4, kanta chana was ruling at Rs 4,600 a quintal; a month later it had zoomed to Rs 5,200 a quintal.

Despite falling stocks and fewer export deals this year pushing up prices, stockists have held on to chana. They expect prices to go up even more as new arrivals won’t begin till five to six months from now, a trader said. Output this year is estimated at 75-78 lakh tonnes against 82 lakh tonnes in the past year.

Chana dal ruled stable, with average dal in ruling at Rs 6,175-6,200 a quintal, medium dal at Rs 6,275-6,300 and bold dal at Rs 6,325-6,350 a quintal.

Dollar chana or chickpea gained Rs 100 at Rs 7,700-8,200 a quintal on scattered buying support in the domestic market. Only 300-400 bags of dollar chana arrived. In container, dollar chana ruled flat even as export demand remained slack. On Tuesday, 42/44 count dollar chana in container ruled at Rs 8,900 a quintal, 44/46 count at Rs 8,700, and 60/62 count at Rs 7,450 a quintal.

(This article was published on August 7, 2012)
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