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Burma Chana Gains In Mumbai

12 Jun 2019 2:32 pm
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MUMBAI (Commoditiescontrol) – Burma origin Chana gained at Mumbai pulses market on Wednesday amid fresh millers buying activities at lower rates.

Arrivals in domestic market were reported less as sellers refrained to liquidate at lower rates and also farmers will be interested to sell their produce to the government at MSP of Rs

4,620/100Kg.


However, demand and sale counters in processed Chana/besan were reported slow.

Burma origin chana gained by Rs 50 at Rs 4,250/100Kg.

On the other hand, Australia origin Chana in ready business at Mumbai and Mundra port remained unchanged each at Rs 4,350/100kg, respectively amid slow trade activity and also due to very limited availability.


As per market talk, Chana prices are likely to get support at lower rates as crushing in Chana has increased due to cheaper prices and easy availability compared to White Pea/Tevda/Batri. Lower import quota of White Pea for this year and as the government has not yet released the quota for millers to import White Pea, may also support chana prices.

But, regular supply of Kabuli Chickpea at cheaper rates is pressurising prices of chana as it is used for crushing as a a subsitiute of White Pea and Chana.

Chana for June delivery on National Commodity and Derivatives Exchange (NCDEX), was trading higher 0.5 percent or Rs 20 at Rs 4,406/100kg. Earlier, in the day, the contract hovered in the range of 4,386 and 4,415.

(By Commoditiescontrol Bureau; +91-22-40015513)


       
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