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Chana Trades Higher In Delhi Amid Low Supplies

28 May 2020 12:46 pm
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MUMBAI (Commodities Control) – Rajasthan and Madhya Pradesh origin new Chana traded higher at Lawrence road market of Delhi, on Thursday, amid less supply and mills buying at lower rates.

However mills were active in purchasing only for their immediate requirements, as demand and sale counters in processed Chana reported slowness due to availability of sufficient stocks.

A
s per local trader, arrivals in domestic markets are likely to slow down, as farmers prefers to sell to government agency at MSP, instead of selling in open markets at lower rates. This is the reason due to which, millers aren't getting enough supplies of raw Chana for crushing.

Rajasthan and M.P -origin new chana traded higher by Rs 75-100 each, at Rs 4,125/100kg and Rs 4,075, respectively.

12 truckloads of supply arrived in the markets, down from 20 truckloads reported in the previous session.

Chana June futures were trading tad up or Rs 3 up at Rs 4,123/100kg on National Commodity & Derivatives Exchange Ltd (NCDEX).

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


       
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