Firm sentiments prevailed across major Spot markets of Chana due to improved demand. Chana futures settled slightly lower at Rs. 2178 per qtl.
As on June 19, farmers have cultivated kharif pulses on 181,200 hectares, down 3.8 percent compared to the same time last year as monsoon rains had been stalled in past two weeks.
IMD’s long range forecast for the 2009 south-west monsoon season (June to September) is that the rainfall for the country as a whole is likely to be below normal.
Stocks at the National Commodity and Derivatives Exchange warehouses were at 86914 Mt on 19th June 2009.
The federal farm ministry estimates Chana output in 2008/09 to be higher 11 percent to 6.38 million tonnes.
Courtesy: Angel Commodities
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