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Dollar Chana Soars in Indore on Poor Crop Report, Strong Buying

4 Mar 2021 6:37 pm
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Indore (Commoditiescontrol) –: Amidst declining arrival and poor crop report, dollar chana in Indore mandis in the past three days has gained Rs 1500 a quintal with its prices today being quoted at Rs 7500-Rs 8000 a quintal. Besides weak arrival, strong buying support in dollar chana from stockists and traders on apprehension of poor crop report has also contributed to rally in dollar chana, said Ankur Pandya, a wholesale dollar chana trader in Indore.

A
ccording to Sanjay Agrawal, another trader, because of inclement weather and reports of damage to the crop, the arrival of new dollar chana is yet to pick momentum in mandis, leading to steep rise in its prices amidst strong buying support. In Dhamnod mandi, dollar chana today ruled at Rs 7000-Rs 7680, while it ruled at Rs 7625-Rs 7700 a quintal in Khargone and Rs 6200-Rs 7400 a quintal in Khategaon. In Neemuch, dollar chana was quoted at Rs 4050-Rs 7150 a quintal, Mandsaur - Rs 4300-Rs 7358, while at Astha mandi dollar chana today ruled at Rs 4576-Rs 7321 a quintal.

Amidst weak arrival, chana also gained Rs 100 with chana (kanta) in Indore mandi today rose to Rs 5,200 a quintal, while chana (vishal) ruled at Rs 4900-Rs 5100 a quintal. At Dhamnod mandi chana (mausami) was quoted at Rs 4540-Rs 5100 a quintal, Khargone – Rs 4640-Rs 5170, Shajapur – chana (mausmi) - Rs 3000-Rs 4810, Khategaon – Rs 4415-Rs 4846, Damoh – Rs 4100-Rs 4935, Timarni - Rs 4101-Rs 4840, while at Astha mandi, chana (kanta) ruled at Rs 4901-Rs 5093, while chana (mausmi) was quoted at Rs 4640-Rs 5650 a quintal respectively.

(By Commoditiescontrol Bureau; )

       
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