Chana May Futures Closed 1.4% Higher

Chana May futures closed 1.4% higher last week on reports that government restricted import of yellow peas, an substitute added in the Chana flour till June end. Center is trying to support farmers by buying at MSP. Madhya Pradesh and Chhattisgarh government announce bonus for Chana procurement over an above this MSP prices. Government is trying to support prices by removing export restrictions and procuring at MSP. MP govt announces to procure about 21 lt of Chana at MSP of 4,400 /quintal and exclude it from Bhavantar scheme. Earlier, govt has announced of a 7% duty credit incentive on export of desi chana.

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