Commodities

Slack demand drags chana; tur gains

Our Correspondent Indore | Updated on March 11, 2011

pulses





After ruling high for the past two-three days, both masoor and chana witnessed a decline on sluggish demand. Chana declined to Rs 2,400, while chana (desi) dipped to Rs 2,325 on lack of buying interest. Chana (mausmi), however, ruled steady at Rs 2,600-2,700 a quintal. In the last two days, chana has declined by Rs 50.

Local mandis on Friday saw a rise in arrivals with about 3,000 bags of new chana being offloaded against 2,000 bags on Thursday. On the other hand, chana dal ruled firm with chana dal (bold) in the spot being quoted at Rs 3,075-3,100 a quintal, chana dal (medium) quoted at Rs 2,950-2,975, while chana dal (average) quoted at Rs 2,800-2,825 a quintal.

Rise in arrivals and poor inquiries also pulled down masoor in the spot by Rs 50. Masoor (bold), which had been quoted at Rs 3,350 a quintal in the morning, plunged to Rs 3,325 as demand dropped on higher rate. Similarly, masoor (medium) which opened at Rs 3,150 a quintal in the morning, declined to Rs 3,100 in the evening on poor buying interest.

Two days back, masoor price had soared to Rs 3,425 a quintal with rise in demand. Though arrival of new masoor in local mandis jumped to 2,500-3,000 bags on Friday compared with about 1,400 bags on Thursday, according to local traders, the arrivals in chana and masoor are still low.

According to Mr Rahul Vora, arrival of chana and masoor in local mandis now should have been 10,000 bags and 7,000-8,000 bags respectively. Nevertheless, he hoped that arrivals would pick up in the coming days.

Moong and urad continued to rule stable. On the spot, moong (bold) quoted at Rs 4,800-5,000, while moong (medium) quoted at Rs 4,000-4,300 a quintal.

Moong dal also remained steady with moong mongar quoting at Rs 6,200-6,300, moong dal (bold) at Rs 6,000 and moong dal (chilka) at Rs 5,400-5,500 a quintal.

Similarly urad ruled at Rs 4,000-4,100 a quintal, while urad mongar quoted at Rs 6,500-6,900, urad dal (bold) quoted at Rs 5,700-5,750 and urad dal (chilka) at Rs 4,700-4,750 a quintal.

On the other hand, tur gained Rs 50 on improved buying support in tur (white/Maharashtra quality).

Tur (white) quoted Rs 50 up at Rs 3,900, while tur (red) quoted at Rs 3,600-3,700 and tur (Nimari) quoted at Rs 3,400-3,500 a quintal. Tur dal, however, remained firm with prices of tur dal (marka) in the spot quoted at Rs 6,300, tur dal (full) quoted at Rs 5,600-5,700, while tur dal (sawa no.) quoted at Rs 5,100-5,200 a quintal, respectively.

Published on March 11, 2011

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