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Chana trades mixed at local markets; slow arrivals undermine slack mill buying

10 Aug 2022 7:41 pm
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Mumbai, 10 Aug (Commoditiescontrol): Chana or Chickpea prices traded mixed, as per quality at select markets due to limited mills participation despite fewer domestic arrivals.

On the other hand, Tanzania Chana moved higher by Rs 100 to Rs 4,675-4,700/100Kg on millers buying due to steep discount as compared to domestic varieties.

In Chana Dal and Besan, limited demand was seen due to the upcoming festival season. However, demand was only to meet the immediate requirements and was below market expectations.

Meanwhile, millers were facing difficulty in getting good quality Chana for crushing. Sellers were inactive in superior quality Chana.

Nafed is active to liquidate old procured Chana stock in select state at discount to prevailing market prices. Old procured Chana quality was average which Millers prefer for besan, and not chana dal.

Government is holding a substantial stock of good quality new crop Chana.

Nafed sold procured Chana Rabi-2020 at Rs 4,603-4,660/100Kg in Rajasthan on 8th Aug, 2022. In Madhya Pradesh, Nafed sold procured Chana Rabi-2020 at Rs 4,603-4,611/100Kg.

At Indore, 42-44 count kabuli Chickpea was quoted at 1500 FOB basis for Nhava-sheva/Mundra and 44-46 count kabuli Chickpea was quoted at 1470 FOB basis for Nhava-sheva/Mundra.

Spot Chana Prices In Key Indian Markets:



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


       
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