Agricultural Commodities Technical Reviews

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Chana

November Chana futures traded on a flat note and settled slightly higher at 0.03 % on Tuesday . Expectations of lower planting due to switch to other crops , and demand prices paid holidays . However, supplies remain ample to meet demand , capping sharp gains.Prices negotiated on an optimistic note last week due to festive demand and buying in physical markets . Expectations of delayed planting also supported prices . The demand for pulses especially Chana usually increases during the festive season.According the first advance estimates released by the Ministry of Agriculture , 2013-14 kharif pulse crop is expected at 6 mn tn against 5.9 mn tn last year . the Union Cabinet has approved the proposal to extend actions to limit the celebration of pulses , edible oils and oilseeds for another year until the end of September 2014.

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