Tuesday, March 24, 2015

NCDEX Chana Tips: Live Prices for Today: 24th March

NCDEX Chana Tips, NCDEX Live Calls For 24 March, Commodity Tips, NCDEX Prices, NCDEX Trend, Live Commodity Tips, MCX Tips

NCDEX TipsIndian Chana ended with gains on Monday. Total volumes increased but OI continued to decline on Monday compared to previous trading day. As per 2nd Advance Estimates for 2014-15, production of pulses estimated at 18.43 million MT is lower by 1.35 million MT than the last year’s production but higher by 0.81 million MT than their average production during the last five years. Chickpea (Chana) production is estimated at 8.28 million MT vs. target of 9.30 million MT and 9.88 million MT seen during 2013-14. A broker’s estimates of Chana crop this year is at 5.5 million MT, a fall of 15% compared to 6.15 million MT seen in 2014-15.

NCDEX live Price
NCDEX Chana Indore – NCDEX Mumbai Yellow Peas Spot spread is trading at Rs. 1170/100 Kg. According to Directorate General of Commercial Intelligence and Statistics (DGCIS), Indian imports of Pulses were 3,663,570 MT during April – December 2014. This is higher compared 2,839,214 MT during April – December 2013.
Pulses imports were 629,965 MT in December 2014 compared to 421,636 MT in December 2013. Additionally, Ministry of Commerce reported that Chickpea imports during April – December 2014 were 309,713 MT up by about 12% from last year, while Chickpea exports during April – December 2014 were 158,688 MT down by about 53% from last year.

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