Chana and masoor continued to rally on the back of weak arrivals and increased buying support from the millers, stockists and multinational companies. With farmers holding on to chana on the hope of getting a higher return, chana prices have increased by over 5 per cent in the last 15 days. Chana (kanta) scaled a new high in the spot to Rs 4,050-4,100 a quintal (Rs 3925-50). Similarly, chana (desi) zoomed to Rs 3,900 a quintal.

On the prospect of poor crop and rise in prices of imported Australian chana that is sold at $800 a quintal, stockists are engaged in building inventories on a war-footing. Besides, stockists, multinational companies have also scaled up procurement of chana, leading to rise in prices. On Tuesday, Indian Agro company purchased chana at Rs 4,100 a quintal.

Rise in chana futures that hit the upper circuit also added to bullish sentiment. Chana dal has also been maintaining an uptrend for the past few days. On Wednesday, chana dal (average) hit a new high of Rs 4,800-4,875 a quintal (Rs 4,675-4,700); chana dal (medium) ruled at Rs 4,900-4,925 (Rs 4,775-4,800), while chana dal (bold) ruled at Rs 5,075-5,100(Rs 4950-75).

Masoor

Higher demand and weak arrival perked up masoor for the third consecutive day on Wednesday. In the spot, masoor (best quality) gained Rs 50 at Rs 3,450-3,475 a quintal, while masoor (medium) ruled at Rs 3250 a quintal. Spot masoor dal (average) was quoted at Rs 3875-Rs 3900 a quintal (Rs 3725-50.

Tur

Tur (Maharashtra) gained Rs 50 at Rs 3,700 a quintal, while tur (Nimari) ruled at Rs 3,000. Tur dal (full) ruled at Rs 5550-Rs 5600, tur dal (sawa no.) at Rs 4800-Rs 4850, while tur marka ruled at Rs 6200-Rs 6250 a quintal.

Related Topics
comment COMMENT NOW