Login ID:
Partner Login
Contact Us : 7066511911

Chana Traded Mixed in Major Spot Mkts

3 Mar 2021 8:52 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities control) – Chana prices traded mixed, as per quality, on Wednesday, in major markets amid cautious buying from mills at higher rates despite firm closing on Chana futures.

Moreover, the demand in dals and besan remained lukewarm.

However, millers are operating with minuscule stocks with pipelines running dry.

Nafed is most likely to discontinue auctions before 10th March, it will further led to tightness in supply.

Chana for April delivery on National Commodity and Derivatives Exchange (NCDEX) settled 1 percent or Rs 53 higher at Rs 5,030/100kg. Earlier in the day, the contract hovered in the range of Rs 4,951 and 5,030.

Going forward, Chana futures are to find support towards 4600 Rs/ qtl and trade towards 5000/5150 Rs/Qtl by coming sessions.

Open interest of top 10 trading clients in the long side was 28060 MT, whereas the short position of top ten clients was 38070 MT. The net position of top 10 clients was net short by 10010 MT.

Open interest for March contract decreased to 21,960 against 26,680 lots.

On other hand, open interest for April contract increased to 44,130 against 40,270 lots.

Chana stocks at NCDEX accredited warehouses stood at 332 metric tonnes as on 2nd March, unchanged from the previous session, the exchange data showed.

Spot Chana Prices In Key Indian Markets:

(By Commoditiescontrol Bureau; +91-22-40015513)

  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
Spot Coriander Tumbles Under the Weight of Pandemic-Aff...
Spot Turmeric Registers Mixed Price Trend, Futures End ...
Red Chilli Prices Head Southward amid Pandemic-Hit Dema...
Chilli prices slip in Guntur, Warangal due to weak dema...
Mixed trend prevails in turmeric amid limited trade
Top 5 News
SEA Awaits SEBI's Intervention on Speculative Activity ...
BMD Close: Palm tracks rival oils higher, hits near two...
Madhya Pradesh Sugar Mill Prices – 21 APRIL 2021
Gujarat Sugar Mill Prices –21 april 2021
MAHARASHTRA Sugar Mill Prices – 21 APRIL 2021
Top 5 Special Reports
Weekly: Most Pulses Extend Gains This Week, Urad Report...
Weekly: NY Cotton Extends Northward Rally amid Improvin...
Weekly: NY Sugar Posts Second Consecutive Weekly Gain o...
Crisis in Mozambique Could Mean Trouble for India's Foo...
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Copyright © CC Commodity Info Services LLP. All rights reserved.