Pulses and pulse seeds remained sluggish on weak demand on Tuesday.

Kanta chana in mandis here ruled at Rs 4,400-4,450 a quintal, while desi chana declined to Rs 4,250. In the past week, chana prices remained range bound between Rs 4,400 and Rs 4,500. Demand for chana may increase during the upcoming marriage season when orders for gram flour usually rise, said a trader. Besides, local stocks are declining too. However, chana is likely to turn bearish output is likely to go up next year. Imports will also put pressure on prices, said another trader.

In the past one week or so, prices in local mandis have declined by Rs 100 a quintal.

Chana dal ruled stable, with average dal being quoted at Rs 5,325-5,350 a quintal, medium dal at Rs 5,425-5,450 and bold dal at Rs 5,700-5,725. In the past one week, chana dal has declined by about Rs 200 a quintal on slack demand.

Dollar chana ruled steady in local mandis at Rs 5,000-5,065 a quintal on subdued buying support as arrival declined to 2,500-3,000 bags. In the container, dollar chana in the past one week has declined by Rs 400 a quintal on weak export demand. On Tuesday, dollar chana (42/44 count) was quoted at Rs 8,000 a quintal, 44/46 count at Rs 7,700, 46/48 count at Rs 7,500 and 58/60 count at Rs 4,800.

(This article was published on November 27, 2012)
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