Agri Commodity Tips: Chana prices closed higher 0.33 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors enlarged their holdings in the merchandise on account of the good demand in the market. At the NCDEX, chana futures for September 2015 agreement ended at Rs. 4,538 per quintal, up by 0.33 per cent, after opening at Rs. 4,555 against the previous closing price of Rs. 4,523. It touched the intra-day high of Rs. 4,633.
Moreover, the restricted entrance of the commodity in the physical market due to lower estimated output also influenced the chana prices.
India is the biggest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 % of the total world production.
Moreover, the restricted entrance of the commodity in the physical market due to lower estimated output also influenced the chana prices.
India is the biggest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 % of the total world production.
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