Channa Falls On Bearish Demand

Chana prices fell by 0.75 per cent on Monday morning at the National Commodity & Derivatives Exchange Limited as a result of the steady sowing progress of pulses along with high supplies in major producing states coupled with fall in demand. At the NCDEX, chana futures for June 2016 contract trading at Rs. 6,049 per quintal, down by 0.75 per cent, after opening at Rs. 6,090 against the previous closing price of Rs. 6,095. It touched the intra-day low of Rs. 6,041. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.

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