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Chana Market May Trade Steady To Slightly Firm As Buyers Return To Market

Published on: Nov 10, 10:48

 
Cash pulses market inner tone has changed with With imposition ofimport duty on peas by 50 percent.It has directly impacted demand for Chana  as impact of recent duty on peas is considerable. It will move up by Rs 1000. Peas prices in cash market is already up by Rs 500 per qtl.Ahriwatch expects it to move up by Rs 200/300 more from current level.
 
Higher price for Peas would encourage Besan indsutries to use more Chana and it would help market to recover. Chana market is expected to be trade in the range of Rs 5300 to Rs 5500 per qtl. in Delhi market.As stock of Chana is sufficient, so any rally from current level is unlikely.In November and Dec market is expected to trade range bound.