Thursday 15 May 2014

Capital stroke NCDEX Update : CHANA   15 MAY 2014

Chana June futures traded on a negative note on Tuesday on account of increased sowing of summer pulses and rising stocks on the exchange warehouses. However, lower level demand restricted a sharp fall in the prices and settled 0.65% lower.

As per the data released by the ministry of Agriculture, area under Rabi Pulses stood at 161.9 lakh ha as against 152.65 lakh ha last year. Chana sowing is reported at 10.21 mn ha compared to 9.51 mn ha during the same period last year. Sowing of summer pulses is reported at 1.11 mn ha as against 559,000 ha last year.


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