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11-May2011

Chana Springs On Local Requirement

Chana commodities increased today on growing requirement from the real market.

At NCDEX Chana May deal is currently dealing at Rs. 2325 per 10 MT, upward by 0.52 % over the last shut. The deal exchanged at a array of Rs.2316-2333 a 10 MT in the last periods. Open interest deal is 86400 tons so far.

A Greater manufacturing possibility for Chana and some other Pulses might however avoid the prices from shifting up considerably. Lack of significant local interest also might mood the prices to some degree.

As per third Crop Estimations, Pulses output is approximated top ever at 17.29 Million Lots. This might pressurize prices in medium duration.

Prohibit on export of Pulses prolonged till March 31, 2012. Subsidy for Pulses for submission under PDS been specifically expanded that date to manage rates.

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