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Last Updated : March 15, 2010 13:30
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Chana mixed on better arrivals, offtakes

Mixed sentiments prevailed in the major mandis amidst better arrivals and offtakes. Chana futures traded in sideways to up manner in the beginning of the session but shredded earlier gains of the previous day and ended the day marginally lower on Saturday.

Demand from the local stockists has reduced due to expectation that the prices may further ease off. Fresh arrivals from Rajasthan are expected in the coming days.

Domestic rabi pulses area as on March 04, 2010 is reported up at 144.35 lh compared to 136.99 lh during the same period last year. Area under gram reported up at 89.21 lh Vs 83.44 lh. Area under lentils reported up at 15.23 lh compared to 14.66 lh.

In NCDEX-accredited warehouses stock of Chana stood at 26547 MT as on 12th March,2010. Spread between March and April contract is at Rs. 70.

Courtesy: Angel Commodities

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