NCDEX Chan to Trade Hitgher today; Commodity Best Tips

Chana futures recovered on Monday as market participants expecting supply crunch in coming months. However, reports of government to rela x VAT and other taxes weigh on spot prices. Chana futures for Jun delivery closed 0.95% higher to settle at Rs 5,950 per quintal.

However, reports of lower production and expectation of tight supplies in coming months may keep prices firm. In the third adv ance estimates (May 2016), chana production is revised downwards to 7.5 mt from 8 mt forecasted in 2 nd estimate (Feb 2016). 

>>> NCDEX Chana Tips 

11 March : Agri Commodity Market Updates | NCDEX Jeera Tips

Prices of Indian agri commodities cooled down a bit after the moderate recovery seen over last few days. Most of the Agri Commodities are traded with moderate trends.

Spices, NCDEX Chana and NCDEX Guar traded moderately firm as any rains in growing areas would adversely affect the standing Rabi crops.

Improved demand prospects in coming days on the domestic and export front is also supporting prices.

Yesterday the Jeera prices at National Commodity & Derivatives Exchange Limited (NCDEX) closed higher by 0.84 closed at 14,955.

 <<<NCDEX Tips Today>>>