Agri Business

Chana rules flat on poor offtake

Our Correspondent Indore | Updated on February 23, 2011 Published on February 23, 2011

chana



Chana prices ruled almost flat on slack demand. On Wednesday , desi chana in Indore mandis was quoted at Rs 2,500 but some traders sold it at Rs 2,525 a quintal.

However, compared with Tuesday, chana prices did not witness major fluctuation and remained stable at Rs 2,500 throughout the trading session. Besides poor demand from both retailers and the millers, increased arrival of new chana in Maharashtra mandis also supported bearish sentiments at Indore mandis.

Though delayed by a month, new chana has started arriving in Indore mandis with roughly 800-1,000 bags being offloaded in both the mandis on a daily basis.

Bearish sentiment is also attributed to a rise in arrivals. New chana in Indore mandis was quoted at Rs 2,400-2,520 a quintal. There are some complaints of moisture in new chana.

According to Mr Rahul Vohra, a trader, notwithstanding the estimate of increased production, chana output in Madhya Pradesh may witness a decline of 10-15 per cent because of damage to the crop by frost, rains and delayed sowing.

Dollar chana stable

Dollar chana or chickpea ruled flat at Rs 5,200-5,400 a quintal on subdued demand, while container quality of dollar chana (42/44 count) saw a gain of Rs 50 at Rs 5,900 a quintal.

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Published on February 23, 2011
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