The Hindu Business Line : Chana futures up

Mumbai March 28 Anticipation of crop damage due to recent rains in the North pushed chana futures up 2.47 per cent to Rs 2,364 per quintal on Wednesday. Mustard seed futures gained 2.13 per cent to Rs 414 per 20 kg on lower production estimate of 60 lakh tonnes this year against 67 lakh tonnes last year.

Turmeric futures rose 1.84 per cent to Rs 2,319 per quintal as farmers and stockists hold back goods in anticipation of a price rise. Expectations of export demand for guargum pushed up guarseed futures by 1.91 per cent to Rs 2,078 per quintal. Strong international markets boosted soy oil futures by 1.47 per cent to Rs 465 per 10 kg. On MCX, potato Tarkeshwar futures rose 2.74 per cent to Rs 591 per quintal.

NCDEX registered a turnover of Rs 3,486 crore up to 5 p.m. (Rs 3,627 crore at 11.30 p.m.) on 1,03,470 trades (1,12,460). Active trading was seen in chana, pepper, guarseeds, refined soy oil and jeera.

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