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NCDEX Agri Commodity Tips NCDEX Chana Tips Today
NCDEX Chana Tips :- Chana*futures*may continue to trade with negative bias. Spot*markets*giving a negative reaction to the stock limit and holding period imposed by Govt. of Rajasthan has reduced offtakes. The*notification*would results into the selling pressure. As per the latest NCDEX circular, Rajasthan Government has released a*notification*dated Sep. 29,201 in respect of pulses stock limits and holding period which shall be effective from Oct. 14, 2011. The State Government has reduced the wholesaler`s stock limit on chana from 5,000 quintal to 2,500 quintal and on other pulses stock limit is also reduced to 3000 quintals from the earlier 5,000 quintals. Guar complex may trade in weak zone. Price remained fell heavily in the end at Bikaner*markets*as weakfutures*and weak demand pulled*markets*lower. Prices fell in anticipation of fresh*arrivals*in the next 15 days. Stockiest offloaded stocks so as to buy fresh crop at lower prices range. Sugar*futures*may remain sideways. Higher freight rates because of shortage of trucks in producing centres such as Kolhapur and Satara, lifted prices in the physical market. Demand rose at the mill level as producers are reluctant to sell at lower prices.
Source :- NCDEX Tips
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