Last Updated : February 13, 2012 15:58
NCDEX chana tumbles on fresh arrivals
MUMBAI (Commodity Online):Chana futures fell Monday as traders offloaded their positions on the back of subdued demand in the domestic markets amid arrivals from the fresh crop.
In NCDEX
Chana March contract is trading at Rs.3372 per quintal, down by 1.20 per cent on 15:55 IST against the previous close.
In the morning session the contract traded at a range of Rs.3354-3404 per quintal. Open interest of the contract is 75710 lots and volume traded is 88330 lots for the time being.
According to Second Advance estimates Pulses output is expected to fall by 5.26% to 17.29 mln tonnes as compared to 18.24 mln tonnes in 2010-11.
Chana production is expected to decline by 6.8% to 7.66 mln tonnes as compared to 8.22 million tonnes in the last year.
Chana area till January 27, 2012 was lower by 4.11% and stood at 89.57 lakh hectares as compared to 93.41 lakh hectares in the same period previous year.
MCX CARBON CREDITS 14 December 2012
contract was trading at
Rs 562 , down Rs. -53 . What's your view on it?
