Chana prices closed higher 3.7 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. 4,565 per quintal, up by 3.7 per
cent, after opening at Rs. 4,452 against the previous closing price of
Rs. 4,402. It touched the intra-day high of Rs. 4,573.
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.
