Chana futures are expected to remain lower extending previous day’s losses. Higher sowing of summer pulses coupled with rising stocks on the exchange warehouses and higher output in 2013-14 may mount downside pressure on the prices. However, expectations of a pickup in demand from the millers coupled with lower pulses target for 2014-15 on forecast of below normal monsoon by the IMD may support prices at lower levels.
Prices are trading below the MSP levels and, thus, no sharp downside may be seen from here.Visit Herehttp://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
No comments:
Post a Comment
Note: only a member of this blog may post a comment.