Free commodity tips - Chana prices closed higher 0.3 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 November 2015 contract closed at Rs. 5,420 per quintal, up by 0.3 per cent, after opening at Rs. 5,402 against the previous closing price of Rs. 5,404. It touched the intra-day high of Rs. 5,420.
Moreover, the restricted arrivals of the commodity in the market due to lower estimated output also influenced the chana prices.
India is the largest Manufacturer of chickpea followed by Iran, Turkey and pakistan . India produces around 6 to 8 million tonnes and contributes around 70 %cent of the total world production.
Moreover, the restricted arrivals of the commodity in the market due to lower estimated output also influenced the chana prices.
India is the largest Manufacturer of chickpea followed by Iran, Turkey and pakistan . India produces around 6 to 8 million tonnes and contributes around 70 %cent of the total world production.
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