Commodities

Chana edges up on buying support

Our Correspondent Indore | Updated on April 29, 2014 Published on April 29, 2014




Rise in buying support at lower rate has perked up chana prices in Indore mandis marginally in the past few days. Chana (kanta) in private trading was quoted at ₹2,875-2,900 a quintal even as local mandis here remained closed. Chana (desi) ruled at ₹2,600-2,700, chana (mausmi) at ₹3,100-3,400, chana (vishal) at ₹2,700-2,800, Kabuli Bitki at ₹3,100-3,200, while Kaktu was quoted at ₹3,000-3,200. Sluggish trend in chana notwithstanding, the expected decline in output has been attributed to arrival of poor quality in local mandis. With decline in quality, buying interest in chana both from millers as well as stockists continue to be weak, said Prakash Vora, a wholesale pulse trader.

The marginal gain in chana also lifted its dal with chana dal (average) ruling at ₹3,300-3,400, chana dal (medium) at ₹3,500-3,600, while chana dal (bold) ruled at ₹3,700-3,900.

Improved domestic demand lifted dollar chana with price in local mandis ruling at ₹4,800-5,500 (₹4,500-5,200 last week). In container, however, dollar chana has gained ₹200 a quintal in the past one week on improved export demand with dollar chana (42/44 count) at ₹6,125-50 , 44/46 count ₹5,925-50 , 58/60 count at ₹4,925-50, while dollar chana (60/62 count) rose to ₹4,775-4,800 a quintal.

Published on April 29, 2014

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