Comments
The sluggish trend continued in chana on weak physical demand and poor buying by millers. Chana (kanta) declining to ₹2,800-50 a quintal (₹2,900-25) in Indore mandis. Chana (desi) ruled at ₹2,600-2,700, Kabuli Bitki at ₹2,900-3,100, while chana (mausmi) at ₹3,100-3,300.
Notwithstanding the expected decline in output, chana has been witnessing a downtrend due to arrival of poor quality. Even Nafed, according to trade sources, has so far purchased only 180 tonnes at the minimum support price against a target of 20 lakh tonnes. In these circumstances, the bearish trend in chana is likely to continue, said Sanjay Agrawal, a local chana trader.
Decline in spot chana amd weak demand in pulses also dragged its dal with chana dal (average) today at ₹3,300-25, chana dal (medium) at ₹3,400-3,425, while chana dal (bold) declined to ₹3,600-25.
Improved domestic demand lifted dollar chana with its price in local mandis at ₹4,500-5,200 amid arrival of 4,000 bags. In container, however, dollar chana continued to witness sluggish trend on weak export demand with 42/44 count at ₹5,900-25, 44/46 count ₹5,700-25, 58/60 count at ₹4,725-50 , while dollar chana (60/62 count) declined to ₹4,600-25 a quintal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.