mandi bhav of india

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Chana futures edged up

Chana futures edged up today amid decent demand as traders eyed at lean supplies in coming days. The overall output expectations are firm for the commodity on supportive weather and a hike in minimum support price though there has been good buying in this week after the benchmark futures tested a two week low of Rs 4411 per quintal. The counter currently trades at Rs 4490 per quintal, up 0.65% on the day. The supplies in Delhi market are averaging around 20-25 trucks per day over last few days and the trend is likely to be same in near term. There are some reports of sowing witnessing a start in select areas in Madhya Pradesh though it will take a few weeks for a sizable pick up in plantings