Chana Futures Contract For Apr’16 Delivery On NCDEX

Chana futures contract for Apr’16 delivery on NCDEX traded mixed during the last week to close at same levels at Rs. 4,376 per quintal on anticipation of good supplies from new season crop. Moreover, expectations of increased supplies from imported chana also weigh on prices.
This year chana is sown in 3.5 per cent higher acreage at 83.67 lakh tonnes (lt), compared with 80.84 lt last year, as per data release by Agriculture Ministry on Jan 8.

The acreage under chana reported higher in Maharashtra (14 lh Vs 10.6 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 MP as per data released by respective state agriculture department. India has imported 3.07 lt of Chana until September in the current financial year.

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