Chana futures are expected to trade on a negative note. Higher sowing of summer pulses coupled with rising stocks on the exchange warehouses and higher output in 2013-14 may mount downside pressure on the prices. However, extended procurement by NAFED in Maharashtra coupled with expectations of a pickup in demand from the millers and lower pulses target for 2014-15 on forecast of below normal monsoon by the IMD may support prices at lower levels.
Prices are trading below the MSP levels and, thus, no sharp downside may be seen from here.
For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704
0 comments :
Post a Comment