Chana futures continue to gain on expectation of lower supply and
firm demand in the spot market. All the government initiatives to
reign in spiraling prices of pulses and pulse seeds appear to have
gone haywire amid continuing rally in pulses and pulse seeds. Weak
arrival and improved buying lifted the prices of pulses. The gap in
demand and supply of pulses has widened in the last two years due to
drought.
Pulse production is around 17 million tonnes while demand is for 23.6
million tonnes (MT). Chana trade ended the day at Rs. 7101 per
quintal which is approx 2.76% up against its previous close. We
recommend buy Chana futures during today’s trading session.
All Trtader can Buy NCDEX chana for intraday and Long term also, Don't
Short chana right now.
Seed Newsvine
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