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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.
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