Chana settled down -0.48% at 3111 on slack local demand, favourable weather for sowing and adequate soil moisture. Farmers have started sowing chana in the major cultivating regions. There are some concerns over a shift in acreage to wheat in Madhya Pradesh, but in other states the area under cultivation is likely to be higher than in the previous year. Yields are expected higher because of sufficient soil moisture. Weather is conducive for sowing and overall sowing is expected to be better this season. Chickpea is a rabi crop for which sowing starts in October. Key growing areas have received ample rainfall, which is expected to smoothen the sowing process.
Monday, November 11, 2013
Commodity Trading Tips for Chana by KediaCommodity
Chana settled down -0.48% at 3111 on slack local demand, favourable weather for sowing and adequate soil moisture. Farmers have started sowing chana in the major cultivating regions. There are some concerns over a shift in acreage to wheat in Madhya Pradesh, but in other states the area under cultivation is likely to be higher than in the previous year. Yields are expected higher because of sufficient soil moisture. Weather is conducive for sowing and overall sowing is expected to be better this season. Chickpea is a rabi crop for which sowing starts in October. Key growing areas have received ample rainfall, which is expected to smoothen the sowing process.
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