Mumbai (Commodities control) – Chana prices traded mixed, as per quality, on Wednesday, in major markets amid limited mill buying as demand in Chana dal and besan reported slow from consumption centers.
Moreover, The standing crops looks stable, backed by weather in key crop regions. It has increased the probability of higher crop output this season.
Arrivals of new chana witnessed at few markets of Maharashtra, Karnataka and Gujarat.
Nafed is also seeking to sell the Chana stocks.
Nafed Approved Bid of 200 MT Chana Rabi 2020 in the range of Rs 4,551/100Kg in Karnataka on 25th January, 2021.
Nafed has sold Rabi 2020 procured Chana at Rs 4,451-4,455/100Kg in Haryana and Rs 4,428/100Kg in Rajasthan on 25th January, 2021.
However, millers are currently at bare minimum stock levels and demand in besan and dals could trigger buying in Chana.
Chana for March delivery on National Commodity and Derivatives Exchange (NCDEX) settled 0.7 percent or Rs 29 higher at Rs 4,497/100kg. Earlier in the day, the contract hovered in the range of Rs 4,461 and 4,518.
Open interest of top 10 trading clients in the long side was 18180 MT, whereas the short position of top ten clients was 19120 MT. The net position of top 10 clients was net short by 940 MT.
Open interest for March contract decreased to 32,990 against 33,860 lots.
On other hand, open interest for April contract increased to 3,430 against 3,250 lots.
Chana stocks at NCDEX accredited warehouses stood at 3314 metric tonnes as on 26th January, unchanged from 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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