Today's NCDEX Market Update

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Chana on NCDEX settled down by -1.54% at 5368 due to profit booking and as the arrival season having got under way. Meanwhile, centre has told to State governments to avail this benefit and utilize the available stocks for managing the prices of pulses in their respective States.Centre has decided to release 10,000 tons of pulses and it asked state government to place their order. 

On Saturday, Odisha government told that it would purchase 5,000 tons of pulses from the central government to check the skyrocketing price of the pulses in the state. According to IBIS (provisional data), import of pulses in the week (11 Apr-17 Apr) was around 81 Thousand tonnes at major ports in India, around 7% lower than previous week (04 Apr-10 Apr) import of 88 Thousand tonnes. At Vijaywada market in Andhra Pradesh total arrivals are at 1500 quintals, higher by 500 quintals from previous day’s arrivals.
                                        Trading Ideas

Chana trading range for the day is 5217-5643.

Chana prices ended with losses due to profit booking and as the arrival season having got under way.

Centre has told to State governments to avail this benefit and utilize the available stocks for managing the prices of pulses in respective States.
NCDEX accredited warehouses chana stocks dropped by 137 tonnes to 3399 tonnes.
In Delhi spot market, chana gained by 46.15 rupee to end at 5546.15 rupee per 100 kgs.
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