Chana Futures Improve On NCDEX

Mumbai: Chana futures on NCDEX gained 1.5 per cent to Rs 2,299 per quintal on strong demand. There were also reports that the Andhra Pradesh Government would purchase 15,000 tonnes of chana seeds in the next 4-5 weeks for rabi sowing. The Andhra Pradesh Government is mulling to distribute the chana seeds among farmers for the rabi sowing in October in the state. Jeera futures pushed up by 0.71 per cent as a result of firm spot market at Unjha. Soyabean futures resumed its downward trend tracking weak domestic fundamental factors like poor demand for soyabean bye products like soyameal and soya oil and bumper production projections in the current year. Refined soya oil futures plummeted by 0.77 per cent to Rs 478 per 10 kg tracking weak CPO market. Potato Tarkeshwar and rubber futures ended lower on MCX. NCDEX reported a total turnover of Rs 2,953 crore, while MCX's was Rs 8,776 crore.