Agri Business

Buying, hike in stock limit lift chana

Our Correspondent Indore | Updated on April 08, 2011

pulses

A mixed trend was seen in pulses with chana showing an uptrend on stockists' buying spree and enforcement of stock limit in Rajasthan from 300 tonnes to 500 tonnes with its duration being increased from 45 days to five months.

According to traders, with the stock limit, traders in Rajasthan are not hurrying to sell, leading to a slight decline in arrival. Added to this, millers' buying also lent support to chana prices in the spot. As a result of this, prices in the spot gained Rs 25-30 to Rs 2,340-2,350 a quintal.

Chana (Desi) also gained Rs 25 to Rs 2,300 a quintal, while chana (mausmi) quoted at Rs 2,300-2,400.

Rise in chana also perked up chana dal with the bold variety in the spot quoting Rs 25 up at Rs 2,975- 3,000, while chana dal (medium) quoted at Rs 2,875-2,900 and chana dal (average) quoted at Rs 2,750-2,775 a quintal.

On the other hand, tur and urad are being traded lower on lack of buying support. Weak demand in the physical market dragged tur on Friday by Rs 100 with the price of tur (Maharashtra) in the spot quoted at Rs 3,700-3,725. Similarly, tur (red) quoted Rs 50 down at Rs 3,600, while tur (Nimari) quoted at Rs 3,400-3,500 a quintal. In the past two-three days, tur has declined by Rs 200 a quintal in absence of trading. Tur dal however, ruled firm with tur dal (marka) in the spot quoting at Rs 6,600 a quintal, tur dal (full) quoted at Rs 5,800-5,900 and tur dal (sawa no.) quoted at Rs 5,250-5,300 a quintal.

Weak arrival and poor demand also dragged urad with its prices in the spot showing a decline of Rs 50-100 to Rs 4,200-4,250 a quintal, urad (medium) quoted at Rs 3,800-4,000. Urad dal on the other hand ruled steady with urad mongar in the spot quoting at Rs 6,900-7,200, urad dal (bold) quoted at Rs 6,100 and urad dal (chilka) quoted at Rs 5,000-5,100 a quintal.

Masoor ruled firm at Rs 3,300 a quintal on limited queries, while masoor (medium) quoted at Rs 3,050 a quintal. Scattered trading was witnessed in masoor dal as well with masoor dal (bold) in the spot ruling firm at Rs 3,975-4,000 a quintal, masoor dal (medium) quoted at Rs 3,850-3,875 a quintal and masoor dal (average) quoted at Rs 3,750-3,775 a quintal.

Moong also declined by Rs 50 on slack trading. In the spot, moong (best quality) quoted at Rs 5,050-5,100 a quintal, while moong (medium) quoted at Rs 4,500-4,800 a quintal. Demand in moong dal remained steady with moong mongar in the spot quoting at Rs 6,500- 6,600 a quintal, moong dal (chilka) quoted at Rs 5,900 a quintal.

Published on April 08, 2011

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