Chana has been witnessing sluggish trend as arrivals

Chana has been witnessing sluggish trend as arrivals outstrip demand. In the past one week, chana prices have fallen by over Rs 100 a quintal. Chana (kanta) in local mandis is currently ruling at Rs 3,300-25, chana (desi) at Rs 3,150, chana (mausmi) Rs 3,500-4,000, chana (vishal) at Rs 3,000-3,200, chana (annagiri) at Rs 3,000-3,500, Kabli Bitki at Rs 3,100-3,200, while chana (Russian) is ruling at Rs 3,400-3,500 a quintal.

Besides weak demand from millers on account of Holi festivities, March closing with traders has also added to sluggish trend in chana and other pulse seeds, said a trader.

Chana had witnessed a rally last week with its prices zooming to a high of Rs 3,450-75 on fear of crop damage due to rain and hailstorm in the State recently. Chana dal (average) in Indore mandis was at Rs 3,950-75, chana dal (medium) at Rs 4,050-75, while chana dal (bold) is ruling at Rs 4,150-75 respectively.

Sluggish trend also continued in dollar chana with its prices at Rs 4,200-4,800 amid an arrival of 4,500-5,000 bags. In container also, prices declined by Rs 50-75 a quintal. Dollar chana (42/44 count) ruled at Rs 6,175-6,200; 44/46 count at Rs 5,925-50; 46/48 count ruled at Rs 5,700-20; 58/60 count at Rs 4,000, while dollar chana (60/62 count) ruled at Rs 3,875 a quintal.

(This article was published on March 26, 2013)
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