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 

Dhaniya traded range bound | Agri commodities Tips

Dhaniya traded in range bound throughout the trading session. Spot markets are likely to witness limited supply of quality crops, which may attract good buying from the traders.

Active buying from end user industries amid limited supplies of quality produce may also support the price to trade high. On the other hand extended profit booking may limit the gains during the day.

We recommend sell dhaniya futures for today’s trading session.

NCDEX Tips for Chana, Soyabean, Turmeric : 13 Aug | Commodity Market updates

Castors on the NCDEX , guar seeds and all but fell Agri commodities are traded .

<<<<<  NCDEX Chana August Futures prices declined by 0.66 per cent to Rs 4486 per quintal doing business. NCDEX accredited warehouses chana stocks dropped by 4662 tonnes to 127481 tonnes.  >>>>>

The mustard 0.10 per cent to Rs 4174 per quintal , with weakness on .Refined oil 0.50 percent and soybean prices declined 1.6 percent strongly . Soyabean trading range for the day is 3055-3161.

NCDEX Soyabean prices dropped on weak demand for Indian soymeal in export market due to its higher prices.

NCDEX Turmeric trading range for the day is 7116-7600.Turmeric prices ended with losses due to heavy arrivals of the commodity from major producing belts.