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Chana Ends Lower as Demand Weakens

Chana Ends Lower as Demand Weakens

Chana prices closed lower by 1.96 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for April 2016 agreement ended at Rs. 4,302 per quintal, down by 1.96 per cent, after opening at Rs. 4,400 against the previous closing price of Rs. 4,388. It touched the intra-day low of Rs. 4,261.

India is the biggest producer of chickpea followed by Turkey, Pakistan and Iran. India produces around 6 to 8 million tonnes and contributes around 70% of the total world production.

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