Higher arrivals pound chana

Our Correspondent Indore | Updated on June 10, 2014 Published on June 10, 2014

Improved demand at lower rates lifted chana marginally on Tuesday. Chana (kanta) was quoted at ₹2,600-25, chana (desi) at ₹2,400, chana (mausmi) ₹2,900-3,000, chana (vishal) at ₹2,400-50, while Kaktu and Kabuli Bitki ruled at ₹3,100-3,200 a quintal respectively. Compared to demand, arrival of chana (both domestic and imported) continues to be on the higher side, leading to fall in prices. Besides, apprehension of ban on grains trading in the futures market by the Union Government added to the bearish sentiment. Slack demand and weak buying also dragged chana dal with its prices in the past one week declining by almost ₹150 a quintal. On Tuesday, chana dal (average) ruled at ₹3,000-50, chana dal (medium) at ₹3,100-50, while chana dal (bold) ruled at ₹3,300-50 a quintal.

Improved domestic and export demand lifted dollar chana prices. In local mandis, dollar chana was quoted at ₹4,000-4,600 amid an arrival of 5,000 bags. In container,dollar chana (42/44 count) was at ₹5,300-25, 44/46 count ₹5,125-50, 58/60 count ₹4,275-4,300, while dollar chana 60/62 count was ₹4,175-4,200 a quintal respectively.

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Published on June 10, 2014
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