Chana Declines At Spot Markets; Sowing Down 25.57%

Mumbai (Commodities control) – Chana prices traded lower on Friday at major markets following weak cues from futures as buyers were buying only to meet their immediate requirement for crushing and also remained cautious as Nafed planning to sell procured stock around 10 lakh tonnes state wise in next three month.

Actual demand in chana dal and besan from consumption centres was seen thin in the market.

Rabi Chana sowing was down by 25.57% as on November 8 to 19.82 lakh hectare vs 26.63 lakh hectare during the same period last year.

Chana for November delivery on National Commodity and Derivatives Exchange (NCDEX), settled lower by 1.1 percent or Rs 50 at Rs 4,431/100kg. Earlier, in the day, the contract hovered in the range of 4,421 and 4,500.

Open interest for NCDEX Chana November contract decreased to 17820 lots against 21100 lots.

On other hand, open interest for December contract increased to 50730 lots against 47310 lots.

Open interest of top 10 trading clients in the long side was 44830 MT whereas the short position of top ten clients was 39000 MT. The net position of top 10 clients was net long by 5830 MT.

Chana stocks at NCDEX accredited warehouses stood at 7903 metric tonnes (Indore: 30, Bikaner 5,781, Jaipur 2,092) as on 7th November, similar metric tonnes in the previous session, the exchange data showed.

Spot Chana Prices In Key Indian Markets:

Spot Kabuli Chickpea Prices In Key Indian Markets :

Following Are The Rates Of Non-Branded Split Chana (Chana Dal) In Various Indian Spot Markets:

Following Are The Rates Of Branded Split Chana (Chana Dal) Traded At Mumbai APMC Market:

Following Are The Rates Of Chana/White Pea Besan Traded At Mumbai APMC Market:

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