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Commodity Market : Indian-commodity.com

Wednesday, November 28, 2007

Chana Continues To Decline

Mumbai: Chana prices on the National Commodity and Derivatives Exchange of India continued to decline further although they marginally gained in some of the spot markets due to decline in the arrivals.

December chana contract on NCDEX declined by Rs 18 to close at Rs 2,299 per quintal. NCDEX January chana contract closed Rs 17 lower, at Rs 2,295 a quintal on the exchange.

NCDEX polled Chana prices gained Rs 25 to close at Rs 2,325 a quintal in Lawrence Road Mandi Delhi.

Stockists demand

Chana prices had also rallied by Rs 29 at Bikaner (Rs 2,249 a quintal) and by Rs 15 to close at Rs 2,248 a quintal in Indore.

In Rajasthan and Madhya Pradesh, chana prices were quoted at Rs 2,315-Rs 2,325 a quintal, while Maharashtra chana prices were quoted at Rs 2,550 per quintal and at Rs 2,750 a quintal in Delhi.

Stockist demand was average as supplies of 50-55 trucks were reported for the day, an analyst said.
Posted by Indian-commodity at 10:36 AM

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