Prices of chana fell in Bikaner, Rajasthan due to a fall in demand from dal millers. On the NCDEX, the most-active October contract was down 0.4% from previous close.
Chana prices fall in Delhi on weak demand from mills.
Prices of chana fell in Delhi despite a decline in arrivals as demand from dal millers weakened. On the NCDEX, the most-active October contract was down 0.72% from previous close.
Nagpur Gram and tur prices up on good buying support.
Gram and tur prices firmed up again in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good buying support from local millers amid weak supply from producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh pulses and enquiries from South-based millers also jacked up prices.
Chana prices up in Delhi on higher demand from mills.
Prices of chana rose in Delhi despite the fact that arrivals nearly doubled, as demand from dal millers improved. On the NCDEX, the most-active October contract was up 1.04% from previous close.
Delhi chana down on weak buys due to GST confusion.
Chana prices were down in Delhi as buying of the commodity was affected due to confusion over new amendment in the goods and services tax. Traders were uncertain about the terms on which branded and non-branded items will be distinguished for the purpose of determining the applicable GST rate.
ABARES pegs Australia 2017-18 chana crop at 1.2 million tonne, down 36% YoY.
Australia chana production is seen declining 36% on year to 1.19 million tonne in 2017-18 due to a fall in average yield. Although area under chana cultivation is estimated to increase by 4.5% to 1.1 million ha in 2017-18, production is expected to fall as rainfall was below average in the most cropping regions in June and was highly variable in July and August. Most of Australia’s chana is exported to India. In the year ended June, Australia sold a record 1.1 million tonne chana to India. The country’s chana exports to India are likely to fall to 0.8-1.0 million tonne in 2017-18 (Jul-Jun), as Australia’s chana crop is expected to be much smaller on year.
Chana tad up in Delhi on demand from dal millers.
Prices of chana rose slightly in Delhi because of demand from dal millers ahead of festivals. Gains were limited due to a rise in arrivals. Futures contracts of chana on the NCDEX were also up tracking gains in the spot market.
NCDEX chana up 1% on rise in demand from millers.
Futures contracts of chana rose 1% on the NCDEX because of a rise in demand from millers. The most active October contract traded at 6,207 rupees per 100 kg, up 1.2% from the previous close.
Nagpur Gram and tur prices declined on lack demand.
Gram and tur prices declined further in Nagpur Agriculture Produce and Marketing Committee (APMC) here on lack of demand from local millers amid increased arrival from producing belts. Fresh fall in gram on NCDEX, weak trend Madhya Pradesh pulses and high moisture content arrival also pulled down prices. Desi gram reported down in open market in absence of buyers amid good supply from producing regions. Tur varieties ruled steady in open market but demand was poor.
Delhi chana prices up tracking NCDEX, higher demand.
Prices of chana rose in Delhi tracking NCDEX and also due to a slight increase in demand from dal millers. NCDEX chana contracts rose because of short covering by market participants. Open interest in the most-active October contract fell to 30,720 tonne from 30,810 tonne, which indicates short covering by investors.
Bikaner, Delhi chana down on lower buys by dal millers.
Chana prices were down in key markets of Delhi and Bikaner because of lower demand from dal millers. Futures contracts were also weak with most-active October contract down 1.7%.
NCDEX chana up over 1% on bargain buying.
Futures contracts of chana rose over 1% on NCDEX due to bargain buying by investors after prices hit a one-week low. The most-active September contract was up 1.1% from previous close.
NAFED buys 60,259 tonne chana of 2016-17 crop from 4 states.
As of Wednesday, the National Agricultural Cooperative Marketing Federation of India had procured 60,259 tonne of chana from the 2016-17 (Jul-Jun) rabi crop from four states. The slowdown in the pace of procurement was due to rising prices in spot markets ahead of festivals.
NCDEX chana down as exchange imposes 5% margin.
Futures contracts of chana on NCDEX were down for the third straight day as the exchange has imposed 5% additional margin on buy and sell positions. The most active September contract traded down 2.7% from the previous close. According to traders, speculators have reduced their positions as well as exposure which is the result of easing demand due to adequate stocks present in the spot market.
NCDEX Chana futures slide 2.48% on weak demand.
Chana prices were traded lower by 2.48 per cent in futures market as speculators reduced their exposure, driven by easing demand in the spot market against adequate stocks. At the National Commodity and Derivatives Exchange, chana for delivery in September moved down by Rs 157, or 2.48 per cent. Cutting down of positions by traders owing to subdued demand in the physical market against enough stock position primarily led to the decline in the chana prices.
NCDEX chana down on weak demand from millers.
Futures contracts of chana fell on the NCDEX because of weak demand from millers. The most-active September contract traded down 0.3% from the previous close.
NCDEX to levy 5% additional margin on chana.
The National Commodity and Derivatives Exchange impose a 5% additional margin on chana on both buy and sell positions from Friday. The margin imposed on all running and yet to be launched contracts. The most active September contract of chana on NCDEX ended down 1.3% from the previous close.
NAFED buys 60,119 tonne chana of 2016-17 crop from 4 states.
The National Agricultural Cooperative Marketing Federation of India has procured over 60,119 tonne of chana from the 2016-17 (Jul-Jun) rabi crop as of Saturday from four states. Procurement drive in Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana. Procurement operations have been reined in as prices have risen above minimum support price in most key spot markets. NAFED has been buying chana under the price stabilization fund since June when prices fell below the minimum support price of 4,000 rupees per 100 kg. The highest quantity–44,094 tonne–has been procured from Rajasthan, where NAFED has 33 procurement centres, while in Madhya Pradesh 14,572 tonne has been bought from 25 centres set across the state.
Traders say 200,000 tonne new Australian chana to reach India Oct-Dec.
Traders bought Australia chana at $840-$880/tonne for Oct-Dec. About 200,000 tonne of new Australian chana is likely to reach India during Oct-Dec. The Australian chickpea crop is likely to be harvested early this year, and some of that crop has been already tied up for export. About 50,000 tonne Australian chana is likely to reach India in October, another 90,000 tonne in November, and 50,000-70,000 tonne in December. Australian chana prices are likely to fall further in the coming months once rabi sowing in India starts.
NCDEX chana hits 3% upper limit on dal millers buys.
Futures contracts of chana on the NCDEX hit the 3% upper circuit on demand from the dal millers. The most active September contract was up 3.8% from previous close. Investors bought chana futures on the expectation of better demand in coming days ahead of festivals and worries of lower output of the pulse in Australia.