Login ID:
Partner Login
Contact Us : 7066511911

Chana Prices To Hold On Robust Rise In Prices

28 Sep 2020 10:33 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai Commodities Control - Chana prices opened positive early Monday trading at Rs 5440, up Rs 21 for October 2020 futures.

Rise in prices came on the back of depleting chana stocks, nationwide. According to one of sources, there is rumour about decrease in import duty on Chana, which is currently at 60%, to ease supply in local market. It could potentially halt the rally in prices seen since last few weeks.

Firmness in price of Tur, Urad and Moong have provided further support to prices. The reselling of NAFED Chana sold between 4400/5100 is still active in market. The profit booking in physical tender Chana is strong as well and keep the prices in check from any aggressive rise.

We are expecting a positive bias in Chana prices towards Rs 5420-5500 in next few sessions.

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Chana Traded Mixed in Major Spot Markets
Raw/Processed Tur Extend Fall in Major Mkts
Moong Traded Unchanged in Major Mkts
Pulse Body Hails DGFT’s Notification on Extension of Im...
Chana futures rebounds on bargain buying
Top 5 News
Chana Traded Mixed in Major Spot Markets
Spot Coriander Soars Rs 70 at Ramganj Auction, Futures ...
Turmeric : Steady Spot, Weak Futures
Raw/Processed Tur Extend Fall in Major Mkts
Spot Jeera Unchanged amid Arrivals of Old Stocks, Firm ...
Top 5 Special Reports
USD/INR (Oct ‘20) – Positive Short-term Trend / May Ret...
Weekly: Tur, Chana Plunge Most This Week, Moong Gains
CRB Index & U.S. Dollar Index
Copyright © CC Commodity Info Services LLP. All rights reserved.