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Chana Gains In Delhi Amid Firm Futures, Less Supplies

14 Jul 2020 11:45 am
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MUMBAI (Commodities Control) – Rajasthan and Madhya Pradesh origin new Chana traded higher at Lawrence road market of Delhi, on Tuesday, following firm futures, less supplies and mill buying at lower rates.

However, purchases are limited, as demand and sale counter in Chana dal/besan witnessed lukewarm participation.

Moreover, trade activity has been dull, as some markets are shut due to lockdown. Even demand is sluggish due to heavy rains/flood in Bihar, Assam and Uttar Pradesh.

Meanwhile, sentiments are dampened due to NAFED'S liquidation of old stock of chana in selected states. However, Nafed is not interested in liquidating stock below Rs 4,500/100Kg.

Moreover, free distribution of 1 kg chana per month is on Cards in PM Garib Kalyan Anna Yojana thatb has been extended by 5 months till November end. This has affected demand as well.

Current level of Chana prices are attractive for millers/traders, as per a local trader.

Rajasthan and M.P -origin new chana traded higher by Rs 25 each, at Rs 4,150/100kg and Rs 4,100, respectively.

25 truckloads of supply arrived in the markets, down from 30 truckloads in the previous session.

Chana July futures were trading 0.5 percent or Rs 18 higher at Rs 4,050/100kg on National Commodity & Derivatives Exchange Ltd (NCDEX).

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

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