As mentioned in our Chana special dated May 7, 2007
the government is going in for heavy
imports of pulses taking advantage of
cheaper imports. The finance minister is also scheduled to meet with the pulses monitoring committee
this week. Two weeks before expiry of the
contract, May open interest of 25,430
tonne against nearly 20,000 tonne chana
stock in exchange warehouses is likely to end up in higher delivery in the contract. June chana contract
open interest rose by over 2,820 tonne
from Monday on falling prices, indicating
fresh short positions for the June
month.
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