Free commodity News - Chana prices closed higher 0.18 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders Expanded their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for December 2015 contract closed at Rs. 5,112 per quintal, up by 0.18 per cent, after opening at Rs. 5,020 against the previous closing price of Rs. 5,103. It touched the intra-day high of Rs. 5,121.
Moreover, the restricted approch of the commodity in the Solid market due to lower estimated output also influenced the chana prices.
India is the largest Manufacturer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70%cent of the total world production.
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