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Millers and stockists are building chana inventories on fears of a poor crop. This has driven chana prices to record on the spot and in the futures market.
In the last one week, chana prices have increased by Rs 300 a quintal from last week's Rs 3,650-75.
Chana (kanta) soared to Rs 3,925-50 (Rs 3,850-75) a quintal in private trade on Tuesday following scarce arrivals. Chana (desi) ruled at Rs 3,750-75, chana (Mausmi) ruled at Rs 4,000-4,200, chana (Vishal) at Rs 3,700-50, while chana (Annagiri) ruled at Rs 3,600-3,700. Chana dal also perked up by Rs 250-300 a quintal with chana dal (average) being quoted at Rs 4,675-4,700 (Rs 4,550-75), chana dal (medium) at Rs 4,775-4,800 (Rs 4,650-75), while chana dal (bold) ruled at Rs 4,950-75 (Rs 4,800-25).
Dollar chana ruled stable at Rs 7,000-8,000 a quintal on scattered buying support. In container also, dollar chana ruled stable despite drop in export demand. Dollar chana 42/44 count ruled at Rs 8,600 , 44/46 count ruled at Rs 8,500, 46/48 count ruled at Rs 8,400, while dollar chana 58/60 count ruled at Rs 7,250.
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