Millers' buying, rising futures boost chana

Our Correspondent Indore | Updated on June 08, 2011 Published on June 08, 2011


Enthusiastic buying by millers and rising futures helped chana maintain an uptrend. In the spot, chana gained Rs 10 at Rs 2,500-2,510 a quintal. Similarly, chana ( desi) also gained Rs 2,550 a quintal. According to Mr Ramchandra Khandelwal, a chana trader, uptrend in chana is likely to continue because of rising demand, and it may touch Rs 2,700-2,800 a quintal, as chana is selling at a discount now.

Chana dal also increased by Rs 25 on some new demand with chana dal (bold) being quoted at Rs 3,150-3,175 a quintal, chana dal (medium) at Rs 3,025-3,050 and chana dal (average) at Rs 2,925-2,950 a quintal

Masoor ruled flat at Rs 2,750-2,775 a quintal and masoor (medium) was quoted at Rs 2,500 a quintal. Masoor dal, however, declined by Rs 2 on poor demand with masoor dal (bold) being quoted at Rs 3,400-3,425 a quintal, masoor dal (medium) at Rs 3,300-3,325 and masoor dal (average) quoted Rs 3,175-3,200.

Tur declined by Rs 100 on poor buying with tur (Maharashtra/white) steady at Rs 2,850 and tur (Nimari) quoting at Rs 2,500 a quintal. Tur dal prices also declined with tur (marka) being quoted down by Rs 100 at Rs 5,700, tur dal (full) at Rs 5,200-5,250 and tur dal ( sawa no.) at Rs 4,350-4,400 a quintal.

Moong ruled firm at Rs 4,000-4,200 and moong (old) was quoted at Rs 3,300-3,500. Moong dal also ruled steady with moong (monger) quoted at Rs 5,700-5,800, moong dal (bold) quoted at Rs 5400-5,500 a quintal and moong dal ( chilka) ruled at Rs 5,100-5,200.

Urad also ruled firm on limited queries with urad (bold) in the spot being quoted at Rs 4,100-4,200. Similarly, urad dal ruled steady with urad (monger) quoted at Rs 6,400-6,500, urad dal (bold) at Rs 5,650 and urad dal at Rs 4,600-4,650 a quintal.

With declining export and domestic demand, dollar chana continued to rule steady at Rs 5,700-6,000 a quintal. Two thousand bags of dollar chana arrived in local mandis on Wednesday.

Published on June 08, 2011
This article is closed for comments.
Please Email the Editor