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Chana Trades Flat In Delhi Amid Limited Buying

12 Sep 2020 12:43 pm
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MUMBAI (Commodities Control) – Rajasthan and Madhya Pradesh origin new Chana traded unchanged at Lawrence road market of Delhi, on Saturday, amid limited mill buying at higher rates.

Moreover, trade volume was reported to be limited in chana dal and besan. Mills are purchasing just to satisfy immediate processing requirements.

Rajasthan and M.P-origin new chana traded flat each, at Rs 5,275/100kg and Rs 5,200, respectively.

15 truckloads of supply arrived in the markets, up from 12 truckloads in the previous session.

Supply from Madhya Pradesh-origin was lower due to disparity.

Nafed has been active at liquidating stocks at higher rates, however the agency rejected bids of lower rates.

As per market talk, Chana prices likely be underpinned as consumption may continue amid festive season. Lesser ready stock and negligible overseas supplies of Kabuli Chickpea and White Pea may support Chana prices further. However, supply of Chana/Kabuli Chickpea supply is expected by September end, but parity is higher.

Meanwhile, NAFED has indicated that the chana stocks procured so far will be sold through various government schemes announced (PMGKAY). Nafed has target to distribute Chana under (PMGKAY) around 9.73 lakh tonnes till 30 November 2020. About 4.73 lakh tonnes dispatched so far.

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


       
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