Chana Futures At NCDEX

Chana futures at NCDEX traded closed lower yesterday due to selling pressure at higher levels. Chana Jan’16 futures closed lower by 1.17 per cent at Rs. 4,896 per quintal.

As per data release by Agriculture Ministry, chana planted on 79.17 lakh hac, higher by 4 per cent compared to last year acreage of 75.82 as on Dec 18. The acreage under chana reported higher in Maharashtra (12.72 lh Vs 9.6 lh), Andhra Pradesh (3.32 lh Vs 2.67 lh) and Karnataka compared to last year’s acreage but slightly lower in Rajasthan (12.35 lh Vs 12.56 lh) and Madhya Pradesh as per data released by respective state agriculture department.

India has imported 3.07 lakh tonnes (lt) of Chana until September in the current financial year. According to IBIS, import of pulses in the week was around 2.65 lt, which is higher by 66 % than the previous week.

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