Commodities

With new arrivals days away, chana will trade in ranges

Our Correspondent Indore | Updated on January 28, 2014 Published on January 28, 2014




With weather getting brighter and vegetables turning cheaper, demand in chana and other pulses have declined. Chana (kanta) ruled flat at ₹2,900-25 on Tuesday, while chana (desi) ruled at ₹2,600-2,700 and chana (masumi) ruled at ₹3,000-3,100 a quintal.According to Babulal Khandelwal, a local trader, given the report of a better crop and new chana crop expected to arrive in markets over the next few days, chana prices will remain range-bound between ₹2,900 and ₹3,000.

A large carryover stock of domestic chana and abundant availability of imported chana could limit any gains in prices if the crop is affected by the recent cold wave and winter rains. The threat is real in areas where chana was sown late, said Prakash Vora, another pulse trader. h. Chana dal (average) on Tuesday was being quoted at ₹3,300-25 (down ₹100), while chana dal (medium) ruled at ₹3,400-25 and chana dal (bold) at ₹3,600-25.Dollar chana was also firm at ₹4,000-4,500 on subdued demand. In container, however, dollar chana gained ₹200 a quintal on strong export demand with dollar chana (42/44 count)was quoted at ₹5,275-5,300, while 44/46 count ruled at ₹5,075-5,100, dollar chana 58/60 count ruled at ₹4,500-25, while 60/62 count was ₹4,400-25 a quintal respectively.

Published on January 28, 2014
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