Chana gains on millers’ buying

Despite weak futures, increased demand from millers and slack arrival perked up chana in Indore mandis on Tuesday with chana (kanta) rising to Rs 3,050-3,100 a quintal (Rs 2,975-3,000), while chana (desi) ruled at Rs 2,700-2,800 , chana (mausmi) at Rs 3,000-3,300, chana (vishal) at Rs 2,700-2,800, while Kabuli Bitki ruled at Rs 2,700-2,900.

On account of heavy rains, demand for chana and other pulse seeds had drastically declined. However, with weather becoming clear over the past one week, demand has increased leading to sharp rise in prices, said Prakash Vora, a trader, adding that chana in the coming days may see a gain up to Rs 200 a quintal.

Chana dal (average) was at Rs 3,550-75, chana dal (medium) at Rs 3,650-75, chana dal (bold) is ruling at Rs 3,950-75.

Dollar chana (chickpea) ruled at Rs 3,400-4,600 on subdued demand and buying support. Arrival was recorded at 14,000-15,000 bags. Dollar chana (42/44 count) in container ruled at Rs 5,250-75 , 44/46 count at Rs 5,050-75 , 46/48 count at Rs 4,850-75, while dollar chana (58/60 count) ruled at Rs 3,525-50 and 60/62 count ruled at Rs 3,400-Rs 3,425 a quintal respectively.