Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weak Futures, Physical Demand Drag Chana in MP Mandis

26 Nov 2020 7:50 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Indore (Commoditiescontrol) – : Weak futures and decline in buying support at the higher rate dragged chana in Indore mandis today by Rs 100 with chana (kanta) today declining to Rs 5,000 a quintal.

In Neemuch mandi also chana traded low on weak demand with chana (kanta) today deckining to Rs 4600-Rs 4750, while chana (vishal) was quoted at Rs 4650-Rs 5151 a quintal.Yesterday chana in Indore mandis had gained Rs 100 amidst report of fixing of base price in chana by the NAFED.

Given enthusiastic crop reports and rise in the sowing area this year, a long rally in chana appears unlikely in the coming days, said Prakash Vora, a wholesale chana trader here.

Weak demand from the millers and decline in spot chana also dragged its dal with chana dal (average) today being quoted at Rs 6200-Rs 6300, chana dal (medium) at Rs 6400-Rs 6500, while chana dal (bold) ruled at Rs 6600-Rs 6700 a quintal.

Amidst scattered demand dollar chana in Indore mandis today was quoted at Rs 5500-Rs 6500 a quintal. In Neemuch mandi dollar chana (best quality) today was quoted at Rs 5720-Rs 6005, dollar chana (medium) at Rs 5240-Rs 5610, while dollar chana (infected quality) ruled at Rs 4560-Rs 5000 a quintal.

In containers, dollar chana (42/44) count today fetche Rs 6800, dollar chana (44/46) count at Rs 6600, while dollar chana (58/60) count ruled at Rs 6000 a quintal respectively.

The arrival of dollar chana in Indore mandis today today declined to 1500 bags against 8000 bags in mandisacross Madhya Pradesh.

(By Commoditiescontrol Bureau;)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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
Mustard seed, oil steady today after consistent price r...
U.S. Soybean Export Sales Over Doubled to 18,17,700 MT ...
India Rabi Oilseeds Sowing Up by 5.34% As On Jan 22 At...
Soy Complex Soybean Oil (CBT) Signs of a Positive R...
Soy Complex Soybeans (CBT) Pullback Underway / Next...
more
Top 5 News
A.P-Telangana Cotton Prices Steady amid Reduced Arrival...
Lower Rajasthan Cotton Dropped Rs 200/Candy due to Lowe...
Spot Cotton Rates Weak in North India, Steady in South ...
Karnataka Cotton Prices Slip on Restricted Demand, Arri...
Daily Cotton Arrivals Fell by 13,000 Bales to 1.305 Lk ...
Top 5 Special Reports
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
Robust Chinese Demand to Keep Cotton Prices Firm, ZCE C...
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
Copyright © CC Commodity Info Services LLP. All rights reserved.