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Chana Trade Firm At Major Spot Markets; Activity Thin

14 Jan 2020 6:57 pm
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Mumbai (Commodities control) – Chana prices traded firm on Tuesday session at major markets, following firm cues from futures, millers' buying activity at lower rates supported the price rise.

Meanwhile, the Government Agency-Nafed, is yet to liquidate its stocks at current lower rates.

However, sentiments are still under pressure due to improvement in Rabi Chana sowing and Government holding major stocks.

Demand in chana dal and besan from wholesaler, retailer counters are thin.

Meanwhile, steady arrivals of new domestic Chana is witnessed in selected markets of Karnataka and Maharashtra.

Chana for January delivery on National Commodity and Derivatives Exchange (NCDEX), settled higher by 1.2 percent or Rs 54 up at Rs 4,460/100kg. Earlier, in the day, the contract hovered in the range of Rs 4,398 and 4,462.

Open interest for NCDEX January contract decreased to 5270 lots against 8550 lots.

Similarly, open interest for March contract also down to 21250 lots against 21490 lots.

Open interest of top 10 trading clients in the long side was 16220 MT whereas the short position of top ten clients was 17280 MT. The net position of top 10 clients was net short by 1060 MT.

Chana stocks at NCDEX accredited warehouses stood at 864 metric tonnes (Bikaner 743, Jaipur 121) as on 13th January, similar in the previous session, the exchange data showed.

Spot Chana Prices In Key Indian Markets:

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

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