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Chana Gains in Delhi Amid Firm Futures, Less Supplies & Mill Buying

10 Aug 2020 12:30 pm
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MUMBAI (Commodities Control) – Rajasthan and Madhya Pradesh origin new Chana traded higher at Lawrence road market of Delhi, on Monday, following firm futures, less supplies and improved mill buying at prevailing rates.

Moreover, demand in chana dal and besan from the consumption centres has supported the prices.

Rajasthan and M.P origin new chana traded higher Rs 50 each, at Rs 4,400-4,425/100kg and Rs 4,350, respectively.

25 truckloads of supply arrived in the market today, down from 35 truckloads in the previous session.

Chana August futures were trading 1 percent or Rs 40 up at Rs 4,244/100kg on National commodity & Derivatives Exchange Ltd (NCDEX).

The overall demand in spot markets is firm and is expected to increase in coming weeks as the economy comes out of the lockdown. The overall demand normally sees a spurt around this time of the year as festive season approaches.

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


       
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