🔆Imported Chana:
Australia chana in ready delivery quoted firm by Rs.50/100Kgs on millers buying support despite consistent supply from overseas and arrivals of new chana in domestic markets. Traders having stock of imported chana are driving chana to exit at higher rate as pressure of overseas supply was mounting.
Similarly, commodity in forward business for December shipment also quoted higher at Rs.6,500/100Kgs, gained Rs.100. While, commodity for January shipment remained unchanged at Rs.5,800.
Australia chana from Mundra port priced flat at Rs .6,800/100Kgs on limited buying.
Chana may not sustain the higher levels as supply in small quantity had already started in Karnataka, Maharashtra and Gujarat and arrivals pressure is expected to gain momentum between February-end or by March-mid. Demand of chana dal and besan had shifted to matar dal and besan due to their cheaper prices. Further, rabi sowing had improved last week compared to similar period of last year😎
Australia chana in ready delivery quoted firm by Rs.50/100Kgs on millers buying support despite consistent supply from overseas and arrivals of new chana in domestic markets. Traders having stock of imported chana are driving chana to exit at higher rate as pressure of overseas supply was mounting.
Similarly, commodity in forward business for December shipment also quoted higher at Rs.6,500/100Kgs, gained Rs.100. While, commodity for January shipment remained unchanged at Rs.5,800.
Australia chana from Mundra port priced flat at Rs .6,800/100Kgs on limited buying.
Chana may not sustain the higher levels as supply in small quantity had already started in Karnataka, Maharashtra and Gujarat and arrivals pressure is expected to gain momentum between February-end or by March-mid. Demand of chana dal and besan had shifted to matar dal and besan due to their cheaper prices. Further, rabi sowing had improved last week compared to similar period of last year😎
