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
Spot Coriander Crumbles Under Weak Demand amid Navratri...
Turmeric Futures Cracks Heavily Lower amid Lack of Spot...
Spot Jeera Rises Rs 20/20Kgs in Rajkot, Steady in Unjha...
Spot Coriander Prices Decline amid Lack of South Indian...
Turmeric Futures Ends in Green on Short covering, Major...
more
Top 5 News
Ukraine Traders say Concerned by Govt Plan to Curb Sunf...
A.P - Telangana Cotton Prices Steady amid Reduced Arriv...
Branded Processed Pulses At Mumbai APMC Market- 14th Ap...
FranceAgriMer Raises 2020/21 Wheat Export forecast, kee...
Masoor Eases in Delhi, Other Pulses Unchanged
Top 5 Special Reports
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Weekly: Most Pulses Rise Over the Week Amid Mill Purcha...
Weekly: NY Cotton Gains For the First Time in Seven We...
Weekly: NY Sugar Ends Positive on Brazil Weather Concer...
Chana Special: Lower Production & Carry Forward Stocks ...
Copyright © CC Commodity Info Services LLP. All rights reserved.