July 27, 2011

Agri for 27 July | Commodity Market News 27 July

Commodity market futures for chana NCDEX futures is seen with an overall sharp uptrend and due this buying sentiments are noticed in view of upcoming demand at NCDEX futures market. In the NCDEX spot market also chana witnessed a firm trend with key markets of Delhi witnessing an up move of Rs. 10 & Bikaner witnessing an up move of Rs. 34. Firm buying interest is said to be providing support to chana prices. 
Cotton sowing is lagging due to late arrival of monsoon rains in western India, but soon it will accelerate and in 2011/12 area may surpass the previous year's level. In NCDEX market for commodity cotton buying is recommended in futures contracts.
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