Slack demand and weak futures pulled down chana prices in local mandis by Rs 100 to Rs 3,300-3,350 a quintal, while new chana with high moisture content was quoted at Rs 3,100-3,200.

Similarly chana (desi) ruled at Rs 3,150, chana (mausmi) at Rs 3,500-4,000, chana (Vishal) at Rs 3,100-3,200, chana (Russian) Rs 3,500, while Kabuli Bitki ruled at Rs 3,200-3,300.

Besides weak futures and slack demand, rise in arrival of new chana on account of improvement in weather condition, also pounded its prices. Bearish sentiment in chana will likely to continue in near future as arrival expected to rise further in the coming days. Besides bumper yield this year, arrival of imported chana from Australia and Tanzania and large carry-over stocks will also add to the bearish sentiment.

Chana output in Madhya Pradesh this year is expected to be around 16 lakh tonnes against 82-83 lakh tonnes. Arrival of chana in local mandis on Tuesday was reported to be around 3,000-3,500 bags.

Decline in spot prices dragged its dal by Rs 25 with chana dal (average) declined to Rs 4,075-4,100 (Rs 4,100-4,125), chana dal (medium) to Rs 4,175-4,200, while chana dal (bold) fell to Rs 4,300- 4,325 (Rs 4,325-50).

Dollar chana also ruled steady at Rs 4,000-4,500 amid subdued demand. In container also, dollar chana declined by Rs 300 in the past one week on slack export demand with dollar chana (42/44 count) quoted at Rs 5,450-75; 44/46 count at Rs 5,325-50, while 58/60 count ruled at Rs 3,950.

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