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Chana Traded Mixed in Major Spot Markets

25 Nov 2020 9:01 pm
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Mumbai (Commodities control) – Chana prices traded mixed, as per quality, on Wednesday, in major markets amid thin mill buying as demand in Chana dal and besan reported slow from consumption centers despite depleting stock with Nafed.

However, nafed fixed Base price for selling Chana. No bids will be accepted below fixed base price. Jaipur-Mumbai (5400/100Kg), Indore-Lucknow (Rs 5300), Bangalore (5600), Hyderabad (5500) and Chandigarh (5350).

Impact of above action is likely to be positive. It clearly indicates that to get the NAFED stocks participants have to put NAFED stated base price, which will automatically push the spot prices higher.

Chana for December delivery on National Commodity and Derivatives Exchange (NCDEX) settled tad weak or Rupee 1 lower at Rs 5,168/100kg. Earlier in the day, the contract hovered in the range of Rs 5,135 and 5,257.

Open interest of top 10 trading clients in the long side was 37220 MT, whereas the short position of top ten clients was 25070 MT. The net position of top 10 clients was net long by 12150 MT.

Open interest for December contract decreased to 47,310 lots against 49,990 lots.

On Other hand, Open interest for January contract increased to 18,010 lots against 15,990 lots.

Chana stocks at NCDEX accredited warehouses stood at 26769 metric tonnes as on 24th November, up from 26658 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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