Mumbai (Commodities control) – Chana prices traded firm on Friday at selective markets following firm cues from futures and millers' active buying at lower rates to meet their immediate requirement for crushing.
Although, demand for chana dal and besan at the consumption centres was reported to be thin.
Sentiments are reeling under pressure due to recovery in Rabi Chana sowing and NAFED's stock holding . The Government agency intends to release its stocks over next few months.
Chana for December delivery on National Commodity and Derivatives Exchange (NCDEX), settled firm 0.5 percent or Rs 23 at Rs 4,380/100kg. Earlier, in the day, the contract hovered in the range of 4,350 and 4,380.
Open interest for NCDEX December contract decreased to 7220 lots against 9760 lots.
While, open interest for January contract increased to 46490 lots against 44250 lots.
On other hand, open interest for March contract similar to 3220 lots in previous closing session.
Open interest of top 10 trading clients in the long side was 36050 MT whereas the short position of top ten clients was 36860 MT. The net position of top 10 clients was net short by 810 MT.
Chana stocks at NCDEX accredited warehouses stood at 4906 metric tonnes (Bikaner 4,174, Jaipur 732) as on 12th December, up from 4434 metric tonnes in the previous session, the exchange data showed.
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(By Commoditiescontrol Bureau: +91-22-40015513)