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Chana Trades Unchanged At Delhi

12 Jul 2019 11:18 am
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MUMBAI (Commoditiescontrol) – Rajasthan and Madhya Pradesh origin new Chana traded unchanged during the early session at the Lawrence road market of Delhi on Friday amid thin millers trade activity at prevailing rates only to meet their immediate requirement for crushing against increased supplies.

Supply in the markets was 40 truckloads, up from 35 truckloads in the previous session.

Actual demand in chana dal and besan from consumption centres was reported thin.

Rajasthan and Madhya Pradesh origin chana new traded flat each at Rs 4,400/100kg and Rs 4,350, respectively.

Chana July futures were trading firm 0.6 percent or Rs 26 at Rs 4,278/100kg on National Commodity & Derivatives Exchange Ltd (NCDEX).

Trading activities were also thin due to cash crunch. Meanwhile, holding capacity of stock by private traders and millers has been decreasing day by day.

Market is still fearful that Nafed will liquidate old procured stock in selective states despite media reports that NAFED is not going to sell pulses below MSP.

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

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