Chana On NCDEX Settled Down By -0.7% At 6844

Chana on NCDEX settled down by -0.7% at 6844 on profit booking amid government initiatives to check rising prices and availability of pulses. Government decides to increase the buffer stock of pulses from 1.5 Lakh tonnes to 8 Lakh tonnes to ensure continuous flow and to curb down rising prices. This increase in quantity is expected to help farmers to sell pulses at reasonable rate. At present Central Government is providing un-milled tur and urad from buffer stock to state governments at Rs 66 per kg for retail distribution at not more than Rs 120.

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