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Australia/Burma Chana Ends Higher In Mumbai

7 Feb 2019 6:25 pm
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MUMBAI (Commoditiescontrol) – Australia and Burma origin Chana moved higher during closing session of trade at Mumbai pulses market on Thursday following firm cues from futures and millers buying support at lower rates.

Flour millers were also active in purchasing chana due to cheaper prices and easy availability compared to White Pea.

However, demand in chana dal and besan was slow from consumption centres. Sentiments are still weak as arrivals of new crop are likely to improve and increased availability of the government stock and the rise in selling pressure of chana by the NAFED, especially in the states of Madhya Pradesh and Rajasthan.

Australia origin Chana in ready business at Mumbai and Mundra port rose by Rs 25 each at Rs 4,225/100kg, respectively.

Similarly, Burma origin chana priced higher by Rs 25 to Rs 4,175/100Kg on fresh buying by mills.

Ethiopia origin Chana also ruled firm by Rs 25 to Rs 4,275/100Kg.

Chana for March delivery on National Commodity and Derivatives Exchange (NCDEX), was settled higher by 1.2 per cent or Rs 51 at Rs 4,275/100kg. Earlier, in the day, the contract hovered in the range of 4,225 and 4,294.

At Delhi, Rajasthan and Madhya Pradesh chana moved higher by Rs 50 at Rs 4,400/100kg and Rs 4,300 respectively. On other hand, Kantewala chana at Indore market quoted unchanged at Rs 4,300.

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

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