Chana futures ended down during Saturday’s due to weak demand. The active March Chana futures traded in a range of 2182 to 2204 levels and ended the session at 2188 levels with a negative change of 0.45 per cent

Outlook:

Chana futures are expected to trade on a negative note during the day as rising arrivals and ample carry forward stocks are seen weighing on sentiment

Spot prices at major markets in Delhi closed at Rs 2,150 rupees per quintal during on Saturday

In physical market demand is not picking up as per the expectations. Arrivals are rising continuously from Madhya Pradesh, according to traders

Arrivals are rising steadily in major markets like Delhi, Indore, Nagpur, latur and Gulbarga

Arrivals are hovering in the range of 45 to 50 trucks

India's Chana acreage as on Feb. 26 stood at 8.92 million hectares, compared with 8.34 million hectares in the same period a year ago, according to latest data from farm ministry

Traders and stockiest are not showing interest in buying on expectations of further fall in prices

Courtesy: Kedia Commodities

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