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Chana Witnesses Mixed Trend At Spot Markets

12 Dec 2019 8:35 pm
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Mumbai (Commodities control) – Chana prices traded mixed on Thursday at major markets as millers were buying only to meet their immediate requirement for crushing amid cash crunch and also demand in chana dal and besan from wholesale/retailer counters was reported thin.

Sentiments are reeling under pressure due to recovery in Rabi Chana sowing. NAFED's stock holding keeps the price subdued. The Government agency intends to release its stocks over next few months.

Chana for December delivery on National Commodity and Derivatives Exchange (NCDEX), settled firm 0.6 percent or Rs 24 at Rs 4,353/100kg. Earlier, in the day, the contract hovered in the range of 4,340 and 4,390.

Open interest for NCDEX December contract decreased to 9760 lots against 9860 lots.

Similarly, open interest for January contract also down to 44250 lots against 44980 lots.

On other hand, open interest for March contract increased to 3220 lots against 2950 lots.

Chana stocks at NCDEX accredited warehouses stood at 4434 metric tonnes (Bikaner 3,702, Jaipur 732) as on 11th December, up from 3622 metric tonnes in the previous session, the exchange data showed.

Spot Chana Prices In Key Indian Markets:

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

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