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Chana Futures Prices Slides Again Amid Demand Scare

28 Oct 2020 6:07 pm
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Mumbai (Commodities Control) – Chana futures today traded 34 Rs lower to close at 5284 Rs/Qtl.

Overall demand remained oppressive in chana. To take a leaf out of yesterday’s hike in futures prices, it did not had any impact on physical demand for Chana and dals.

Although demand for besan had a slight push according to traders today. Few trades were reported for Chana spot Akola at 5150/5250. Bargain buy played out at lower prices but the demand is not in mood to support at the moment.

It should be reiterated that at country level, India’s Chana stocks are dwindling. Any demand surge will result a rise in prices.

NCDEX Chana futures should hold above 5200/5250 and trade in range of 5250/5350 zone in coming session.

(Commodities Control Bureau)

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