Chana falls on slack offtake

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

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Chana prices in the physical market fell as futures hit the lower circuit and demand from millers became sluggish.

Chana (kanta) declined to Rs 3,250 a quintal as chana prices tumbled on the National Commodity and Derivatives Exchange on lack of buying support. Chana (desi) also declined by Rs 50 at Rs 3,200 a quintal. Sluggish demand and weak buying support for spot chana dragged its dal, with chana dal (average) declining to Rs 3,900-3,925 a quintal (Rs 4,000-4,025). Chana dal (medium) declined by Rs 25 at Rs 4,074-4,100 a quintal, while chana dal (bold) quoted down Rs 25 at Rs 4,225-4,2250 a quintal.

Masoor and its dal also declined on weak buying support. Masoor (bold) sold at Rs 2,950-2,960 a quintal (down Rs 25), while masoor (medium) fetched Rs 2,650-2,700 a quintal. Weak demand pulled down masoor dal (average) at Rs 3,300-3,325 a quintal (down Rs 25), masoor dal (medium) at Rs 3,375-3,400 (Rs 3450-3,475) a quintal and masoor dal (bold) at Rs 3,475-3,500 a quintal (Rs 3,550-3,375). Demand for tur and its dal was slack, too. Tur (Maharashtra) declined by Rs 25 at Rs 3,300 a quintal, while tur (Nimari) sold at Rs 2,300-2,400 a quintal. Adequate carryover stock of old tur and arrival of new tur from Maharashtra have strengthened bearish sentiment in tur, trade sources said. Tur dal (full) declined at Rs 5,300-5,350 a quintal (Rs 5350-Rs 5400), tur dal ( sawa no.) at Rs 4,300-4,400 a quintal (Rs 4,350-4,400) and tur (marka) at Rs 5,900-6,000 a quintal.

Urad and moong were flat on slack demand. Urad (bold) sold at Rs 3,400-3,500 a quintal, while urad (medium) sold at Rs 2,800-3,100. Urad dal was unchanged, with urad dal (medium) being quoted at Rs 4,050-4,100, urad dal (bold) at Rs 4,850-4,900 and urad (mongar) at Rs 5,600-6,000. Moong (bold) fetched Rs 4,300-4,400, while and moong (medium) was unchanged at Rs 3,800-4,100. While moong (mongar) declined to Rs 5,500-5,600 a quintal on slack demand, moong dal was unchanged, with moong dal (medium) being quoted at Rs 4,900-4,950 a quintal and moong dal (bold) at Rs 5,450-5,500 a quintal.

Published on December 23, 2011
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