Chana

Gram and masoor prices firmed up by Rs 100 per quintal at the wholesale market on mild demand from retailers. However, other pulses moved in a narrow range in limited deals and pegged at last levels. Uptick in demand from retailers mainly led to rise in gram and masoor prices.

Chana prices rose by 1.25 per cent to Rs 5,855 per quintal in futures trading as traders built up fresh positions amid uptick in demand in the spot market.The rise in chana prices in futures trade to fresh positions created by participants after pick up in demand in the spot market.

Futures contracts of chana on the NCDEX hit 5,847 rupees per 100 kg, the highest since the re-launch of the contract. Investors bought chana futures on the expectation of better demand in coming days ahead of festivals. The most-active September contract was up 0.8% from the previous close. Prices of chana in spot markets were, however, steady.

The pace of chana procurement by the National Agricultural Cooperative Marketing Federation of India in four key producing states has slowed, with the agency buying only 68 tonne of the commodity in the last two weeks. Besides the fact that prices have surged above the minimum support price due to festival demand, good rains and the government’s move to cap the import of other pulses also weighed on procurement. The National Agricultural Cooperative Marketing Federation of India had procured 59,768 tonne of chana from the 2016-17 (Jul-Jun) rabi crop from four states.

Prices of chana in Delhi rose to a four-month-high of 5,900 rupees per 100 kg, following the government move to cap the import of urad and moong at 300,000 tonne a year. On the NCDEX, the most-active September contract was up 1.7% from previous close. Prices in both markets Delhi and Bikaner were up 150-200 rupees.

Chana up due to demand from dal millers ahead of festivals, amid limited supplies. Though the arrivals are unchanged in Delhi, they are inadequate to meet the current demand. Arrivals of chana in Delhi were pegged at 525 tonne, unchanged from Saturday, while in Bikaner, it was 700 bags (1 bag =100 kg) up from 500 bags.

Prices of chana were higher in Delhi because of lower arrivals in the local market along with demand from the dal millers ahead of festivals. However, in Bikaner, prices were unchanged due to subdued demand, while arrivals were steady. The most active September futures on the NCDEX was marginally down 0.1%.

Prices of chana in Delhi, the benchmark market, was up as arrivals slumped amid improved demand from dal millers. On the NCDEX, the most active September contract of chana traded up 2.5% from previous close.

Prices of chana were down in Delhi as arrivals more than doubled after the Delhi border reopened. The border had remained closed since Monday night due to security reasons on account of Independence Day. Chana also down in Bikaner.

Gram and tur prices shot up in Nagpur Agriculture Produce and Marketing Committee (APMC) here on increased demand from local millers amid thin supply from producing belts. Government restriction on pulses import, healthy rise in Madhya Pradesh pulses and reported demand from South-based millers also boosted prices.

Prices of chana rose in Delhi because of demand from dal millers ahead of various festivals. Arrivals of chana up in Delhi and Bikaner. On the NCDEX, the most active September contract was up 2.4% from previous close.

The National Agricultural Cooperative Marketing Federation of India has bought over 59,700 tonne of chana from the 2016-17 (Jul-Jun) rabi crop as of Monday from farmers of Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana under the price stabilisation fund. The agency has procured 14,213 tonne of the pulse from 25 centres set up in Madhya Pradesh, 1,144 tonne from two centres in Uttar Pradesh, and the rest from the Adampur centre in Haryana. The maximum amount of 20,560 tonne was procured in Rajasthan Bikaner district. Pace of procurement is slow in Uttar Pradesh and Haryana due to rains in the ongoing monsoon season.

The National Commodity and Derivatives Exchange Ltd increased the transaction fee on futures contracts of chana to 4 rupees per 100,000 rupees of turnover for an average daily turnover of up to 250 million rupees. The new transaction fee will be effective from Aug 16. Earlier, transaction fee for chana contracts were flat 2 rupees per 100,000 rupees.

Futures contracts of chana traded higher on the NCDEX due to demand from dal millers ahead of festivals. The most active September contract on the NCDEX was up 1% from previous close.

Chana prices rose 1.43 per cent to Rs 5,155 per quintal in futures trade as traders created more positions, supported by the soaring demand from dal mills in the spot market amid restricted supplies.

Prices of chana rose in Delhi because of demand from dal millers ahead of various festivals, as well as a positive trend in tur in the last two-three days. Tur prices in key markets have been rising following the government decision to cap import of the commodity at 200,000 tonne a year. The most active September contract of chana on NCDEX was down 0.2%.

Futures contracts of chana rose on the NCDEX owing to improved demand from dal millers and stockists. On the NCDEX, the most-active September contract of chana traded up 0.33% from previous close. The government is planning to lift a decade-long ban on export of pulses, which is also seen supporting prices.

Prices of Chana in Delhi rose as increase in demand from millers absorbed excess arrivals. In Bikaner, Rajasthan, a key market, Chana was quoted unchanged. Arrivals were also steady at 200-250 bags (1bag=100kg).

The September contract of chana on the NCDEX hit a one-week high due to an increase in demand from dal millers and stockists, coupled with a fall in arrivals at key markets. On the NCDEX, the most active September contract of chana traded up 2.5% from previous close. In Delhi, the benchmark market for the pulse, chana was quoted up 50 rupees from previouse close.

The National Agricultural Cooperative Marketing Federation of India procured 57,268 tonne chana from the 2016-17 (Jul-Jun) rabi crop for buffer as of Friday. The agency had started procuring the pulse last month when prices fell below the minimum support level of 4,000 rupees per 100 kg, including a bonus of 200 rupees.