Agri Commodity Tips: Chana prices closed higher 2.47 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors enlarged their possessions in the commodity on account of the good demand in the market. At the NCDEX, chana futures for September 2015 contract ended at Rs. 4,402 per quintal, up by 2.47 per cent, after opening at Rs. 4,338 against the previous closing price of Rs. 4,296. It touched the intra-day high of Rs. 4,446.
Moreover, the restricted arrivals of the products in the real market due to lower estimated output also influenced the chana prices.
Indian equity, forex, money and merchandise markets were shut yesterday on account of Ganesh Chaturthi.
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 arrivals of the products in the real market due to lower estimated output also influenced the chana prices.
Indian equity, forex, money and merchandise markets were shut yesterday on account of Ganesh Chaturthi.
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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