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Imported Chana Closes Down At Mumbai On Lacklustre Demand

16 May 2018 6:14 pm
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MUMBAI (Commoditiescontrol) – Imported chana dropped at the close here at the key Mumbai pulses market on Wednesday due to lacklustre demand and weak futures.

Australia chana priced down Rs 25 at Rs 3,500-3,525/100kg, while it also fell by Rs 25 at Rs 3,550-3,575 at the Mundra port.

Buyers are sidelined and have opted to wait and watch due to poor demand from traders and millers amid lacklustre enquiries in chana dal from consumption centers.

Further buyers are also hesitant to procure chana due to weakness on futures. Benchmark June chana contract today ended 1.66%, or Rs 61 lower at Rs 3,615/100kg on the National Commodity & Derivatives Exchange Ltd (NCDEX).

In other markets, desi chana of Madhya Pradesh origin fell by Rs 25 at Rs 3,650/100kg, while Rajasthan origin managed to trade flat at Rs 3,700 at the Lawrence road market of Delhi.

At Indore, desi chana Kantewala dropped by Rs 25 at Rs 3,650-3,675/100kg, while edged down by Rs 25 at Rs 3,600 at the Bikaner market.

(By Commoditiescontrol Bureau; +91-22-40015533)

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