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Chana trades lower in Delhi on thin mill purchase

24 Sep 2021 12:17 pm
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Mumbai, 24 September (Commoditiescontrol) – Rajasthan and Madhya Pradesh-origin Chana traded weak at Lawrence road market of Delhi, on Friday amid thin mills buying.

Moreover, Chana dal and besan demand scenario remains quiet.

15 truckloads of supply arrived in the markets, up from 12 truckloads in the previous session.

Meanwhile, Nafed is actively liquidating its stocks of Chana at various centres.

Nafed sold procured Chana Rabi-2020 at Rs 5,050-5,076/100Kg and Rabi-2019 at Rs 4,922 in Madhya Pradesh on 23rd Sep, 2021. In Rajasthan, Rabi-2020 sold at Rs 5,100-5,228.

FCI rejected all bids of Rabi 2021 and 2020 procured Chana auctioned in Maharashtra yesterday, as per market sources.

Rajasthan and M.P-origin Chana traded lower by Rs 25 each, at Rs 5,450-5,475/100kg and Rs 5,350-5,375, respectively.

Chana October futures were trading 0.1 percent or Rs 7 lower at Rs 5,260/100kg on National commodity & Derivatives Exchange Ltd (NCDEX).

Chana prices may remain under pressure due to liquidation of old stock by stockiest and big farmers as they intend to shift their position to soybeans which may give better return in near term. But down side from here is limited as we may see pick-up in demand after pitru paksha which end on 6th October. Seed demand for Rabi sowing will also support Chana prices.

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

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