Chana prices down in Delhi, Bikaner on low demand

Chana prices were down in Delhi and Bikaner because of low demand from dal millers. Expectations of higher acreage under chana this season is seen weighing on prices. The most active December futures of chana on the NCDEX were down 1%.

Farm secy says chana acreage seen up 35-40% on year this rabi season.

The area under chana across the country in the ongoing rabi season is likely to be 35-40% higher than 9.9 mln ha the previous year. Chana acreage so far is more than double the year-ago level. Even if the pace of sowing slows down, area could be 35-40% higher this time. chana was planted across 4.7 mln ha, up 43.3% from a year ago.

Jaipur barley down as quality concerns hit demand.

Barley prices fell in Jaipur because concerns about the quality of domestic stocks hit demand from malt manufacturing companies. Speculations of barley imports from Argentina and favourable weather in key growing areas also weighed on prices.

NCDEX barley up 1% on demand from poultry industry.

The December contract of barley was up 1%, owing to improved demand from poultry feed industry. The most active December contract was up 0.99%. A decline in stocks of barley at the exchange accredited warehouses also supported prices on the NCDEX. Stocks declined because traders are withdrawing them to avail higher prices in the spot market.

Mustard seed up in Jaipur on seasonal demand for oil.

Mustard seed prices were up in the benchmark market of Jaipur, Rajasthan as the onset of winter has led to an improved demand for mustard oil. A fall in arrivals also supported mustard seed prices. Export demand for mustard meal further lifted oilseed prices in domestic market.