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Chana Trades Weak In Delhi Amid Cautious Buying

15 Feb 2020 1:09 pm
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MUMBAI (Commoditiescontrol) – Rajasthan and Madhya Pradesh-origin Chana traded weak at the Lawrence road market of Delhi, on Saturday, amid cautious buying by local millers at higher rates.

NAFED is selling its old stock, in selected states, while availability of new domestic Chana is pressuring sentiments.

The demand for chana dal and besan from consumption centres was reported to be slow.

Rajasthan and Madhya Pradesh-origin chana fell by Rs 25 each at Rs 4,300/100kg and Rs 4,225, respectively.

Trade body reported 16 truckloads of supply in the markets, down from 18 truckloads in the previous session.

As per market view, millers will most likely purchase new Chana as it trades around Rs 4,000-4,100/100Kg, instead of old NAFED procured Chana or imported variety. Availability of new Chana at lower prices will drag Chana prices down further.

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

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