Chana On NCDEX Settled Up 1.68% At 6910

Chana on NCDEX settled up 1.68% at 6910 supported by strong demand at domestic spot market and restricted supplies from producing regions. Besides, expectations of lower output from the major producing belts too fuelled the uptrend. To control prices exchange has increase 10% special margin for the buy side. Now the total additional and special margin increased to 55% for long side. Recently, government decided to hike the MSP for kharif pulses decided to give a bonus of Rs. 425 per quintal for pulses over and above the MSP for 2016-17 kharif season.

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