Wednesday, March 16, 2016

EPIC RESEARCH NCDEX CHANA UPDATE OF 16 MARCH 2016


Chana trading range for the day is 4399-4569.
Chana gains amid expectation of late arrivals of new season chana as some parts of in North and Central India are experiencing unseasonal rains.
Imported chana has also hit the markets this month and traders & stockists are buying up to their respective stock limits for the new season crop.
In the second advance estimate for 2015-16, government forecasted 8.09 mt of chana this year, which is more than production estimated last year.
In Delhi spot market, chana gained by 50 rupee to end at 4800 rupee per 100 kgs.


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