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Chana Trades Higher At Major Spot Markets

1 Jun 2020 8:54 pm
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Mumbai (Commodities control) – Chana prices were traded hgher on Monday at major markets following firm cues from futures and millers buying activity to meet their immediate requirement for crushing.

Increased Pace of Chana procurement by government agency at MSP had supported the prices.

Although demand for chana dal and besan was lukewarm at wholesale/retail counters due to availability of sufficient stock.

NAFED's stock liquidation at selected states and stock holding will limit the gain.

Chana for June delivery on National Commodity and Derivatives Exchange (NCDEX) settled 2.3 or Rs 96 higher at Rs 4,200/100kg. Earlier in the day, the contract hovered in the range of Rs 4,104 and 4,208.

Open interest of top 10 trading clients in the long side was 27060 MT, whereas the short position of top ten clients was 33300 MT. The net position of top 10 clients was net short by 6240 MT.

Open interest for NCDEX June contract decreased to 23400 lots against 26620 lots.

On other hand, open interest for July contract increased to 31000 lots against 25820 lots.

Chana stocks at NCDEX accredited warehouses stood at 15362 metric tonnes as on 31st May, up from 14002 metric tonnes 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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