Commodities

Slack demand from millers pounds chana

Our Correspondent Indore | Updated on May 28, 2013 Published on May 28, 2013

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Poor demand in pulses and higher selling pressure pounded chana in local mandis on Tuesday. Prices dropped by Rs 100 to Rs 3,225 a quintal.

Similarly, chana (desi) declined to Rs 3,050 (Rs 3,200). Chana (masumi) also declined to Rs 3,300-3,400 and Kabuli Bitki to Rs 3,000-3,100.

Due to poor demand in pulses on account of ongoing marriage season, buying support in chana from the millers declined sharply even as arrival outstrippeddemand.

This has led to sharp fall in chana prices n the past one week, said a chana trader. Sharp decline in spot chana also dragged its dal by Rs 50 with chana dal (average) at Rs 3,850-75 , chana dal (medium) at Rs 3,950-75, while chana dal (bold) declined to Rs 4,050-4,100 .

Increased arrivals and slack domestic demand also pounded dollar chana in by Rs 300-400 to Rs 3,800-4,000 a quintal amid an arrival of 15,000-16,000 bags.

In container also, slack export demand dragged its prices by Rs 100 with dollar chana (42/44 count) at Rs 5,100-25, 44/46 count at Rs 4,900, 46/48 count Rs 4,700, 58/60 count at Rs 3,800, while dollar chana (60/62 count) ruled at Rs 3,700 a quintal respectively.

Published on May 28, 2013
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