mandi bhav of india

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Strong buying emerged in chana

Strong buying emerged in chana and mustard seed commodities after sharp sell off in previous trading sessions. However, weakness was seen in guarseed and jeera counters due to supply pressure in local mandies. In todays trading, the NCDEX chana June futures added 0.98 percent as traders are expecting decline in pulses sowing acreage in major producing states such as Karnataka and Maharashtra. Strong buying interest was also seen in mustard counter in todays trading as most of the speculators are expecting recovery in meal exports in the current season. The NCDEX Mustard seed October settled at Rs 3966 per quintal, up 0.40 percent from last close. On the other side, selling was seen in guarseed market as prices declined today due to bearish nodes from international crude oil market along with weak export demand by domestic players