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NCDEX Chana
Chana futures eased on higher arrivals from the new season crop in the physical market. In the Delhi spot market, Chana fell 129 rupees to 3,600 rupees per 100 kg. The new season arrivals in Madhya Pradesh and Rajasthan states, the top two growers, are rising and could drag down prices.
NCDEX Guarseeds
Guar futures rose 4 percent, the maximum permitted daily limit, to hit a record high with reduced volumes as traders struggled to buy commodity amid negligible arrivals and low carry-forward stocks. Traders have predicted a deficit of around 25 percent in guar seed supply in the market, which is supporting the prices at higher levels.
NCDEX Jeera
Jeera futures in India fell to a new contract low because of mounting supplies from the new season crop. In Unjha, a key trading market in Gujarat, Jeera dropped 226 rupees to 13,097 rupees per 100 kg. About 28,000-30,000 bags of 60 kg each from the new crop have been arriving daily at Unjha.
NCDEX Pepper
Pepper futures ended steady after hitting a fresh contract high as profit-taking offset lower supplies and weak stocks. Overall supplies have been low in the domestic market since the start of the season because of reduced arrivals from farmers expecting further price increases due to lower estimated output. In the Kochi spot market in Kerala, pepper rose 361 rupees to 41,686 rupees per 100 kg.
