Chana prices closed higher 1.72 per cent on Friday 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. 5,251 per quintal, up by 1.72 per cent, after opening at
Rs. 5,290 against the previous closing price of Rs. 5,162. It touched
the intra-day high of Rs. 5,290.
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.
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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