Monday 25 August 2014

Capital stroke NCDEX Update : CHANA 26 August 2014



Chana trading range for the day is 2826-2914.
Chana prices ended with losses due to weak millers demand in local mandies coupled with recovery in kharif pulses sowing.

The total chana production in 2013-14 is estimated at 9.77 million tonnes against 8.83 million tonnes due to higher sowing acreage.

Weak rainfall so far in the major chana growing states such as Rajasthan and Madhya Pradesh will discourage fresh sowing in the current year

In Delhi spot market, chana dropped by -6.6 rupee to end at 2925 rupee per 100 kgs.

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