Weak futures and slack demand in the physical market continued to pull down chana. In the spot market, chana was quoted Rs 25-50 down at Rs 2,725-2,750 a quintal.
Though speculators tried to perk up prices by selling a few lots at prices as high as Rs 2,825 a quintal, buyers remained reluctant. Moreover, futures turning weak on the NCDEX also added to the bearish sentiment in the market.
The bullishness in chana seems unlikely in near future, till stockists exhaust stocks, said Mr Gopal Sarang, a chana trader. Taking cues from the decline , chana dal dropped with chana dal (bold) in the spot ruling at Rs 3,475-3,500, chana dal (medium) at Rs 3,375-3,400 and chana dal (average) at Rs 3,275-3,300.
Masoor declined by Rs 50 with spot prices rising to Rs 2,925 a quintal from Rs 2,970-2,975 a quintal in the morning. Weak demand also dragged masoor dal with masoor dal (bold) in the spot ruling at Rs 3,500-3,525, masoor dal (medium) at Rs 3,400-3,425 and masoor dal (average) at Rs 3,300-3,325 a quintal.
Tur also declined on increased selling. Tur (Maharashtra) quoted Rs 50-75 down at Rs 3,150 and tur (Nimari) ruled at Rs 2,500-2,600 a quintal. Tur, too, continued to fall with tur ( marka ) being quoted at Rs 6,100, tur dal (full) at Rs 5,500-5,600 and tur dal ( sawa no.) at Rs 4,500-4,600.
Moong and urad also declined sharply on weak demand. Moong declined by Rs 100 at Rs 4,200-4,400 a quintal. Moong dal also declined with moong (monger) being quoted at Rs 5,700-5,750 a quintal, about Rs 100 down. Urad also declined by Rs 100 at Rs 4,100-4,200 a quintal, so was urad (monger) which declined to Rs 6,800 a quintal on weak demand.
Dollar chana, on the other hand, perked up by Rs 100 at Rs 6,500-6,600 a quintal on improved domestic demand. Twelve hundred bags of dollar chana arrived in local mandis .