Mumbai, 29 Nov (Commoditiescontrol): Rajasthan and Madhya Pradesh Chana prices eased marginally as per quality amid cautious besan and dall mill participation at higher rates in Delhi's Lawrence road market despite less supply.
Also, demand of Chana dal-besan was limited despite ongoing wedding season.
In early trade Rajasthan and M.P. origin Chana was traded weak by Rs 25 each at Rs 5,175/100kg and Rs 5,100/100kg, respectively.
About 15 truckloads of supply arrived in the markets, down from 30 truckloads in the previous session.
Chana price can find further support for short term period due to less availability of good quality Chana, expectation of lower sowing acreage this year, slow selling by Nafed in Maharashtra and higher bid price to purchase Nafed Chana tender in Rajasthan. Hopes of Government approving trading in futures market could help in bulding optimism. But, overall, Chana prices are unlikely to sustain at higher rates as farmers, the stockiest and the government hold adequate stock. Regular selling by government to create sufficient storage capacity before the start of the next Rabi season and stockiest-trader at every rise will restrict up move in price.
(By Commoditiescontrol Bureau: +91-22-40015513)
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