The NCDEX futures augmented by almost Rs. 150 /quintal in the last two days. Traders estimated that the total chana crop in the current year is likely at 55-57 lakh tones, down almost 10-11 lakh tones from the last year. As per latest release from Ministry of Agriculture, the total sowing acreage of chana as on 06th January 2012 reported at 87 lakh hectares, down 5 lakh hectares from the last year in the same period. Consequently, the future prices of Chana NCDEX February Benchmark contract spurted by Rs. 150 / quintal in the last two day to settle at Rs. 3238/ quintal. Technically, futures are likely to gather some buying at inferior levels at around Rs. 3190-3200/ quintal while resistances are likely at Rs. 3280-3290 /quintal in the coming days.
- Coffee exports decrease by 7.52% in first-four several weeks of coffee plants season
- Gold increases around 50 % 1 % on dollar decline
- Crude oil falls near to a % on Thursday
- Indian Yellow-spice Liven Is Predicted to Stretch before Profits on Powerful Need
- Indian Yellow-spice Liven Is Predicted to Stretch before Profits on Powerful Need
- Physical rubber costs remain the same on Tuesday
- Gold gain profits some strength and negotiates with reasonable profits on Tuesday
- Crude oil removes all profits by end of Tuesday’s procedure to negotiate on a smooth note
- Black pepper is predicted to Deal with Losses
- Jeera Costs Stable in Unjha Mandi
