Mumbai (Commodities control) – Chana prices traded mixed, as per quality, on Friday, in major markets following weak cues amid thin mill buying as demand in Chana dal and besan reported slow from consumption centers.
Resellers were active to liquidate Nafed procured Chana stock of Crop 2019 & 2020.
Moreover, FCI Approved Bid of 220 MT Chana At Rs 4,905/100Kg in Solapur/Kurduwadi (Maharashtra) on 25th Nov, 2020.
NCDEX Chana futures was volatile and recovered on media new during closed that goverment may extend supply free food grains to migrants and poor under PM-GKAY scheme from November.
Chana for December delivery on National Commodity and Derivatives Exchange (NCDEX) settled 0.1 percent or Rs 7 lower at Rs 5,048/100kg. Earlier in the day, the contract hovered in the range of Rs 4,950 and 5,085.
Open interest of top 10 trading clients in the long side was 35340 MT, whereas the short position of top ten clients was 26740 MT. The net position of top 10 clients was net long by 8600 MT.
Open interest for December contract decreased to 39,680 lots against 44,770 lots.
On other hand, Open interest for January contract increased to 26,860 lots against 20,150 lots.
Chana stocks at NCDEX accredited warehouses stood at 27065 metric tonnes as on 26th November, up from 26769 metric tonnes in the previous session, the exchange data showed.
Spot Chana Prices In Key Indian Markets:
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(By Commoditiescontrol Bureau; +91-22-40015513)
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