Chana prices closed higher 0.52 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market.
At the NCDEX, chana futures for October 2015 contract closed at Rs. 4,807 per quintal, up by 0.52 per cent, after opening at Rs. 4,786 against the previous closing price of Rs. 4,782. It touched the intra-day high of Rs. 4,820.
Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.
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 Pak, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 % of the total world production.
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