Commodity picks: July 9, 2018

Chana is trading at Rs 3,750 per quintal at the Bikaner spot market

Prerana Desai 

Chana

prices are expected to head towards

Rs 3,800-3,850 per quintal. Low availability in the free market amid robust demand from millers for upcoming festivals would keep prices firm in the near term.

ALSO READ: Commodity picks: June 25, 2018

Sugar

prices at the benchmark are trading at Rs 3,200 per quintal. During the week, prices are expected to fall by Rs 50-100 per quintal and head towards Rs 3,100 per quintal. The current low prices in global will cap any gains in India.

Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain

First Published: Sun, July 08 2018. 23:39 IST