Chana Jun Futures Closed Unchanged On Tuesday

Chana Jun futures closed unchanged on Tuesday. Chana is trading at under pressure since start of sowing season last year on concern about higher stocks in the country. Government is trying to support prices by removing export restrictions and procuring at MSP. Government restricted import of yellow peas, an substitute added in the Chana flour, till June end. Madhya Pradesh and Chhattisgarh government announce bonus for Chana procurement over and above this MSP prices. 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 exports.

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