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Chana Marks A Steady Weekend Trade In Delhi

25 Jan 2020 1:48 pm
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MUMBAI (Commodities Control) – Rajasthan and Madhya Pradesh-origin Chana traded lower at the Lawrence road market of Delhi on Saturday, amid steady supply, anticipation of bumper crop and thin buying by millers at existing rates.


Sentiments are reeling under pressure due to improvement in Rabi Chana sowing, which is up 10% so far as compared with last year same period. Government's stockholding Places lid on price gains.

Demand in chana dal and besan from wholesaler/retailers' counters is slack.


Rajasthan and Madhya Pradesh origin chana trades flat at Rs 4,400/100kg and Rs 4,325, respectively; Nearly Rs 100-150 down from last saturday.


Trade body reported 20 truckloads of supply in the markets, for 4th trading session in a row. Millers continue to be on the sidelines.

According to the traders, price is unlikely to crash, although may see witness a dip of Rs50-60 in the coming days. Buyers anticipate prices to be milder due to bumper crop expectation.

However, good quality crop will not reach the markets before 15th March. This is most likely to keep the pulse price supported at its lower end.


(Commodities Control Bureau)


       
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