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Chana Traded Mixed in Spot Mkts

18 Jan 2021 8:40 pm
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Mumbai (Commodities control) – Chana prices traded mixed, as per quality, on Monday, in major markets amid thin mill buying as demand in Chana dal and besan reported slow from consumption centers.

Chana futures recover after demand in spot market currently at lower rates from millers due to lower end of stocks becuase end of seasons and massive fall in prices.

However, improving weather in major crops regions may limit the demand. sowing is progressing well and was 3.49% higher at 109.14 lakh Ha on Jan 13 Vs 105.46 lakh Ha in the similar period last year. Nafed is also seeking to sell the Chana stocks.

Nafed Approved Bid of 100 MT Chana Rabi 2020 at Rs 4,632/100Kg in Karnataka on 16th January, 2021.

Also, Nafed has sold Rabi 2020 procured Chana at Rs 4,604/100Kg in Andhra Pradesh on 16th January, 2021.

Arrivals of new chana expected to hit spot market soon.

Chana for March delivery on National Commodity and Derivatives Exchange (NCDEX) settled 0.2 percent or Rs 10 higher at Rs 4,440/100kg. Earlier in the day, the contract hovered in the range of Rs 4,421 and 4,475.

Open interest of top 10 trading clients in the long side was 15790 MT, whereas the short position of top ten clients was 20080 MT. The net position of top 10 clients was net short by 4290 MT.

Open interest for January contract decreased to 1,160 against 1,340 lots.

On other hand, Open interest for March contract increased to 34,200 against 34,030 lots.

Similarly, Open interest for April contract also up to 1,470 against 1,280 lots.

Chana stocks at NCDEX accredited warehouses stood at 6602 metric tonnes as on 17th January, down from 7987 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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