NCDEX Chana Price Above 4000 Target @ 4130—4180 – Neal Bhai

NCDEX Chana Price – Demand started increasing due to increasing fear of spreading Covid-19. Supreme Court of India next hearing regarding case of pulses import will be on 4th April-2020.

It seems that Jaipur High Court would not hear this case on 6th April as it has moved now to Supreme Court of India. As per latest report by The Canadian Grain Commission Canada has exported 1,382,600 MT peas in ongoing MY so far till Jan-2020.It is up by 45% from last year till Jan 2019.

In Jan alone, total 1,34 300 MT has been exported. Canada has exported 1,036,800 MT last year tillJanuary-2019. National Agricultural Cooperative Marketing Federation of India has bought 7,475 tn of chana from farmers in Andhra Pradesh, an official with the agency said. The crop is from the 2019-20 (Jul-Jun) kharif season.

The government has pegged 2019-20 chana crop at 11.2 mln tn compared with 9.9 mln tn harvested last year in second advance estimates. Chana output in the country is expected to be over 11 mln tn in 2019-20 (Jul-Jun) against 10.1 mln tn last year, primarily due to higher area under the crop and a rise in yield, a senior official with the farm ministry said.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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