Agri Business

Chana recovers as futures improve

Our Correspondent Indore | Updated on August 10, 2011


Chana, which had declined to Rs 2,925 a quintal on Monday evening, gained marginally at Rs 2,950 a quintal on higher futures on the National Commodity and Derivatives Exchange and lower selling. Chana (desi) sold at Rs 2,850 a quintal.

Chana dal, however, remained unchanged. Chana dal (bold) quoted at Rs 3,675-3,700, chana dal (medium) at Rs 3,575-3,600 and chana dal (average) at Rs 3,450-3,475 a quintal.

Steady demand kept dollar chana or chickpea prices firm at Rs 7,400-7,700 a quintal in local mandis. Arrivals dropped to 500-600 bags against 1,000 on Monday. Masoor declined marginally at Rs 2,800 a quintal on slack demand, while masoor (medium) was quoted at Rs 2,500 a quintal. Masoor dal ruled flat, with masoor dal (bold) being quoted at Rs 3,375-3,400, masoor dal (medium) at Rs 3,275-3,300 and masoor dal (average) at Rs 3,150-3,175 a quintal.

Tur remained unchanged at Rs 3,000 a quintal on weak arrivals, while tur (Nimari) ruled at Rs 2,500 a quintal. Tur dal also ruled steady, with tur (marka) being quoted at Rs 5,800 a quintal, tur dal (full) at Rs 5,200-5,250 and tur dal ( sawa no.) at Rs 4,300-4,350.

Weak buying dragged down moong by Rs 100. Moong (bold) fetched Rs 4,000-4,300 and moong (medium) Rs 3,600-3,700 a quintal. Urad, on the other hand, gained Rs 100 on improved demand. Urad (bold) sold at Rs 3,900-4,100 and urad (medium) at Rs 3,500-3,700 a quintal.

Published on August 10, 2011

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