Commodities

Uptrend continues in chana; tur rules steady

Our Correspondent Indore | Updated on May 11, 2011 Published on May 11, 2011

BL12_COM2_CHANA

The uptrend continued in chana on weak arrivals and improved demand from the millers and traders. In the spot, chana quoted Rs 20-25 up at Rs 2,325-2,330 a quintal with increased demand in the physical market. Though arrivals of chana in local mandis continued to be lower, with merely 1,500 bags being offloaded against 2,000 bags on Tuesday. On Tuesday, chana had gained Rs 10-20 on improved buying at the lower rate and rise in futures. Chana ( desi) also gained Rs 20-30 at Rs 2,270-2,280 a quintal and chana ( mausmi) ruled at Rs 2,400-2,600 a quintal.

Deriving strength from the rise in spot chana, chana dal also gained Rs 25 with chana dal (bold) quoted at Rs 2,975-3,000 and chana dal (medium) quoted at Rs 2,875-2,899.

Dollar chana, witnessing bearish sentiments for the past two-three days with decline in the demand both in the domestic and export market, gained Rs 100-150 on improved demand and weak arrivals. On Wednesday, dollar chana in the spot was quoted at Rs 5,800-6,300 a quintal. Similarly in container also, dollar chana gained on improved export demand, with the prices of dollar chana for 42-44 count quoted at Rs 6,900 and 44-46 count quoted at Rs 6,800 a quintal. Local mandis on Wednesday witnessed a steep decline in arrival with merely 3,000-3,500 bags of dollar chana being offloaded against 6,000 bags on Tuesday.

Masoor gained Rs 25 on improved queries. In the spot, masoor (bold) was quoted at Rs 3,200 a quintal. Subdued demand kept tur steady with tur (Maharashtra) steady at Rs 3,200, tur (red) at Rs 2,900 and tur ( Nimari) ruling at Rs 2,800 a quintal. Tur dal ruled flat with tur ( marka) remaining firm at Rs 6,000, tur dal (full) quoted at Rs 5,300-5,400 and tur dal (sawa no.) quoted at Rs 4,500-4,600.

Published on May 11, 2011
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