Login ID:
Password:
Partner Login
Contact Us : 7066511911

Chana Mixed For Second Straight Day in Major Spot Markets

29 Sep 2020 8:51 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities control) – Chana prices traded mixed for second straight day, as per quality, on Tuesday, in major markets amid limited mill buying at prevailing rates for immediate crushing requirement.

Moreover, thin demand in chana dal and besan was reported from consumption centres today.

Nafed has been active at liquidating stocks at higher rate and rejected bids of lower rates.

Chana for October delivery on National Commodity and Derivatives Exchange (NCDEX) settled 0.5 percent or Rs 27 higher at Rs 5,411/100kg. Earlier in the day, the contract hovered in the range of Rs 5,372 and 5,448.

Open interest of top 10 trading clients in the long side was 27930 MT, whereas the short position of top ten clients was 36540 MT. The net position of top 10 clients was net short by 8610 MT.

Open interest for October contract decreased to 44100 lots against 46640 lots.

On other hand, Open interest for November contract increased to 28080 lots against 25730 lots.

While, Open interest for December contract down to 2440 lots against 2510 lots.

Chana stocks at NCDEX accredited warehouses stood at 38384 metric tonnes as on 28th September, unchanged from the previous session, the exchange data showed.

As per market talk, Chana prices are likely be underpinned as consumption may continue amid festive season. Depletting procured chana stock with Nafed, negligible overseas supplies of White Pea will likely support Chana prices further. However, supply of Kabuli Chickpea witnessed, but parity is higher.

Demand of seeds for sowing is expected to rise as rabi sowing begins from October.

Spot Chana Prices In Key Indian Markets:



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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Spot Turmeric Prices Muted amid Lack of Demand, Futures...
Jeera Futures Soars Higher as Spot Jeera Rises Rs 30 in...
India Spices Export Offer Price - 28 OCTOBER 2020
Red Chilli Heats Up to Rs 10/Kg in Guntur, Warangal Man...
Spot Coriander Prices Supported by Local Demand; Future...
more
Top 5 News
SEA Urges Govt. Not to Reduce Import Tax on Edible Oils...
Chana Mixed For Second Straight Day in Spot Mkts
Spot Turmeric Prices Muted amid Lack of Demand, Futures...
Tur Continues To Trade Weak in Major Mkts
Mustard seed, Oil Prices Steady on Speculation of Govt ...
Top 5 Special Reports
USD/INR (Nov ‘20) – Positive Short-term Trend / May Ret...
USD/INR (Oct ‘20) – Positive Short-term Trend / May Ret...
Weekly: Tur, Chana Plunge Most This Week, Moong Gains
USD/MYR—
USD/CNY & USD/IDR
Copyright © CC Commodity Info Services LLP. All rights reserved.