NCDEX Chana fell more than 1% on Monday due to profit booking and good supplies. However, it is still trading above 4,200 levels due to sufficient stocks in the physical market. NAFED is holding more than 12.8 lt of chana from last season. Currently, chana attract 60% import duty since Mar 2018 which restricted imports. In new season NAFED only procured about 7.76 lt compared to more than 23 lt last season. As per govt data, during first quarter of FY19-20, chana imports increase to 50,000 compared to only 13,500 t last year.. However, imports were down by 84% to 1.86 lt in 2018/19 (Apr-Mar) compared to 9.81 lt last year, while exported are about 2.28 lt compared to 1.28 tonnes last year. In 2018/19, chana output forecast revised slightly higher at 101.30 lt in 4th advance estimate compared to 100.9 lt in 3rd advance estimate.
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