Login ID:
Partner Login
Contact Us : 7066511911

Chana futures had free fall today, triggered by demand void

26 Nov 2020 7:53 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) – NCDEX Chana Dec 20 futures today fell by 100 Rs to settle at 5065 Rs/Qtl.

As anticipated earlier, chana futures resumed its poor show on lack of demand on sport market.

Chana Akola spot today was offered at 5000/5050 Rs/Qtl for k20 stocks. Chana dal demand remained extremely quiet with offers at 5900/6000 Rs/Qtl.

There were no bids at NAFED/FCI tenders for today as well as anticipated earlier. Now that the spread between spot market price and base rate for tender has widen the possibility of any bids can be ruled out for near term.

NCDEX Chana futures are likely to remain weak, to trade towards support of 5000 Rs/Qtl.

(Commodities Control Bureau)

  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
Mixed Price Trend in Spot Coriander; Med-Upper Range Ri...
Spot Turmeric Brightens in Nizamabad, Nanded; Futures S...
Spot Jeera Prices Rise Rs 10/20Kgs, Futures End Higher ...
Red Chilli Prices Unch in Guntur, Weak in Warangal amid...
Spot Coriander Prices Weaken amid Rising Arrivals of Ne...
Top 5 News
Chana Traded Mixed in Spot Mkts
Domestic-Imported Tur Weak in Major Mkts On Increased A...
Global Uncertainty Dampens Sentiments Of Guar Complex, ...
Mixed Price Trend in Spot Coriander; Med-Upper Range Ri...
Kottayam/Kochi Rubber Rates – 27 January-2021
Top 5 Special Reports
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...
Cotton Yarn Prices Set to Move Higher amid Expanding Sp...
Weekly: Urad-Chana Post Strong Gains, While Masoor-Whi...
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...
Copyright © CC Commodity Info Services LLP. All rights reserved.