Login ID:
Password:
Partner Login
Contact Us : 7066511911

Pulses commentary: Chana futures rise on steady demand ; Tur slightly improve

3 Mar 2021 6:01 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) – NCDEX Chana futures traded 48 Rs higher to close at 5030 Rs/Qtl in yesterday’s session.


As anticipated earlier, chana futures traded at 5000 Rs/Qtl today on back of supply tightness and fresh buying from corporates.


In yesterday’s bidding Madhya Pradesh Chana touched 5000 Rs/Qtl level while highest bid in Rajasthan went up to 4910 Rs/Qtl showing tightness in supply.


Nafed is most likely to discontinue auctions before 10th March, it will further led to tightness in supply.


The demand in dals and besan , however, remained lukewarm, Chana dal Akola spot traded at 6100/6200 Rs/Qtl.


The demand in tur and tur dals also remained sluggish. Buyers in tur have their pipeline full but rolling is dull due to quite demand.


Physical spot prices have traded in range of 7100/7250 Rs per qtl for best quality at Maharashtra and Karnataka.


Going forward, Chana futures are to find support towards 4600 Rs/ qtl and trade towards 5000/5150 Rs/Qtl by coming sessions.


We expect Tur spot Akola prices to remain above 7000 Rs/Qtl and trade towards 7600/7800 Rs/Qtl in coming days.


(Commodities Control Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Imported Urad & Masoor Weaker at Mumbai, Chana-Kabuli C...
Chana Trades Lower in Delhi due to COVID Curfew
Pulses commentary: Chana futures to continue upside ral...
Branded Processed Pulses At Mumbai APMC Market- 17th Ap...
Naya Bazar Delhi Pulses Market Closed For Weekend Curfe...
more
Top 5 News
Icex Rubber Price 19 April 2021
Malaysia Rubber Physical Prices (Sen/Kg) 19 April 202...
Government procures 113.6 L MT, Over Four Fold than Las...
MP Cotton Eases Down On Weaker Buying From Stockists, M...
Imported Urad & Masoor Weaker at Mumbai, Chana-Kabuli C...
Top 5 Special Reports
Weekly: Most Pulses Extend Gains This Week, Urad Report...
Weekly: NY Cotton Extends Northward Rally amid Improvin...
Weekly: NY Sugar Posts Second Consecutive Weekly Gain o...
Crisis in Mozambique Could Mean Trouble for India's Foo...
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Copyright © CC Commodity Info Services LLP. All rights reserved.