Chana prices closed higher 0.57 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for May 2016 contract closed at Rs. 5,445 per quintal, up by 0.57 per cent, after opening at Rs. 5,370 against the previous closing price of Rs. 5,414. It touched the intra-day high of Rs. 5,459. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
Thursday 5 May 2016
EPIC RESEARCH NCDEX CHANA UPDATE OF 05 MAY 2016
Chana prices closed higher 0.57 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for May 2016 contract closed at Rs. 5,445 per quintal, up by 0.57 per cent, after opening at Rs. 5,370 against the previous closing price of Rs. 5,414. It touched the intra-day high of Rs. 5,459. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
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