Commodities

Tur declines on poor offtake

Our Correspondent Indore | Updated on March 16, 2011

CHANA



Mixed trend continued in pulses, with masoor and dollar chana (chickpea) witnessing uptrend on improved demand, and tur declining further on slack demand.

On the other hand, chana gained on rise in futures and enthusiastic demand from millers and on reports of stockists' buying. In the spot, chana on Wednesday ruled at Rs 2,400-2,415, up Rs 30-40 on good buying. Desi chana also gained Rs 25 at Rs 2,350 a quintal, while chana (mausmi) ruled firm at Rs 2,600-2,700 a quintal. Arrivals of chana in Indore mandis was recorded at 3,000 bags. Supported by the rise in chana, chana dal also gained Rs 25. Chana dal (bold) quoted Rs 3,075-3,100 a quintal, chana dal (medium) Rs 2,950-2,975 and chana dal (average) Rs 2,800-2,825 a quintal.

Dollar chana also maintained its uptrend with prices in the spot quoting Rs 4,400-4,600 a quintal on improved export and domestic demand.

In container, dollar chana (42-44 count) quoted Rs 5,350, while 44-46 and 58-60 counts quoted Rs 5,250 and Rs 4,550 a quintal. Arrivals of dollar chana remained firm at 12,000 bags. Masoor also showed a gain for the second consecutive day, as demand improved, though arrivals were comparatively weak with about 1,000-1,500 bags being offloaded in local mandis.

In the spot, masoor (bold) gained Rs 50 at Rs 3,325-3,350 and masoor (medium) quoted Rs 2,900-3,050 a quintal.. On the other hand, downtrend continued in tur on poor demand. Tur (white, Maharashtra quality) quoted Rs 100 down at Rs 3,800-3,825, tur (red) quoted Rs 3,400-3,500 and tur (Nimari) quoted Rs 3,550 a quintal, Rs 50 down. Tur dal also witnessed a corresponding decline with tur dal (marka) quoting Rs 6,500 a quintal, tur dal (full) Rs 5,900-6000 and tur dal (sawa no.) Rs 5,300-5,350 a quintal.

Published on March 16, 2011

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