Login ID:
Password:
Partner Login
Contact Us : 7066511911

Rajasthan, M.P. origin Chana price ease at Delhi; Thin mill buying hit sentiment

28 Sep 2022 12:52 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 28 Sep (Commoditiescontrol): Thin mills participation continue to weigh on Chana or Chickpea prices during Wednesday's early trade at Delhi's Naya Bazaar market. Here, Rajasthan-Madhya Pradesh origin Chana traded weak by Rs 25/100Kg as millers were less interested in buying commodity, following the slow offtake of besan and dall amid increased supplies

Rajasthan and M.P-origin Chana was offered at Rs 4,875/100kg and Rs 4,800/100kg, respectively.

About 22 truckloads of supply arrived in the markets, up from 10 truckloads received in the previous session. Activity in Chana Dal and Besan was slow despite ongoing festive season, traders said. Buying interest was restricted to meet the immediate requirements, they added.

Adding pressure was increased availability of the commodity following the Nafed's decision to sell earlier procured stock. The nodal agency sold procured Chana Rabi-2022 at Rs 4,701-4,707 in Rajasthan on 26th Sep, 2022. It also sold procured Chana Rabi-2022 at Rs 4,701-4,725 in Andhra Pradesh, and sold procured Chana Rabi-2020 at Rs 4,321-4,395/100Kg in Madhya Pradesh. Further, it sold procured Chana Rabi-2022 at Rs 4,700-4,701/100Kg in Karnataka. It sold procured Chana Rabi-2018 at Rs 4,611/100Kg in Uttar Pradesh.

Sentiments are still under pressure as government informed Nafed to dispose 15 Lakh tons of Chana at a discount Rs 8/Kg to states. Hence, Nafed is actively liquidating old procured Chana stock at discounted price in major state.

Currently, Nafed has more than 3 mt of Chana under the buffer stock, of which around 0.5 mt are from the 2020 and 2021 seasons.

(By Commoditiescontrol Bureau: +91-22-40015505)


       
  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
Burma Urad & Madhya Pradesh Masoor firm at Delhi
Imported Tur declines at Mumbai, Tanzania Chana gain
Burma Urad-Tur prices in $ terms at Chennai
Branded processed pulses at Mumbai APMC market- 26th No...
Nafed Procures 25,202 MT Moong In Kharif-2022 Season So...
more
Top 5 News
Burma Urad & Madhya Pradesh Masoor firm at Delhi
Major producing states witness arrival of 97,600 bales ...
Imported Tur declines at Mumbai, Tanzania Chana gain
Burma Urad-Tur prices in $ terms at Chennai
Sugar prices remain nearly steady
Top 5 Special Reports
Weekly: ICE raw sugar snap two straight week of gains o...
US soybean net export sales for Nov 11-17 down noticea...
US Cotton net export sales reductions for Nov 11 -17 at...
Castor Oil (Kadi) Bullish Price Trend / Next Resistan...
Akola Desi Tur (Pigeon Pea) Trending Higher / Next Re...
Copyright © CC Commodity Info Services LLP. All rights reserved.