Agri tips : Price of Chana ended higher 2.5 per cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders increased their holdings in the commodity on account of the good requirement in the market. At the NCDEX, November 2015 contract for chana futures for closed at Rs. 4,955 per quintal, up by 2.5 per cent, after unlocking at Rs. 4,860 against the previous closing price of Rs. 4,834. It attained the intra-day high of Rs. 4,970.
However, the prohibited arrivals of the commodity in the physical market due to lower estimated outcome also influenced the chana prices.
India is the biggest producer of chickpea followed by Turkey, Pakistan & Iran. India manufactures nearly 6 to 8 million tonnes & contributes nearly 70 per-cent of the total world production.
However, the prohibited arrivals of the commodity in the physical market due to lower estimated outcome also influenced the chana prices.
India is the biggest producer of chickpea followed by Turkey, Pakistan & Iran. India manufactures nearly 6 to 8 million tonnes & contributes nearly 70 per-cent of the total world production.
Read More : Agri tips
No comments:
Post a Comment