Chana rises due to constant buying activity

Posted By: Staff
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Chana rises due to constant buying activity
Yesterday, the prices of chana for the July contract rose by Rs 72, or three per cent to Rs 2,469 per quintal, with a trading volume of 40 lots at the Multi Commodity Exchange (MCX) due to the constant buying activity by the traders tracking the rise in the spot market demand.

Moreover, the higher demand in the spot markets also supported the prices of the chana.

Chickpea or chana is a very important pulse crop that grows as a seed of a plant named Cicer arietinum in the Leguminosae family. It contains 25% proteins, which is the maximum provided by any pulse and 60% carbohydrates.

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% of the total world production.

Chickpea is the most largely produced pulse crop in India accounting to a share of 40% of the total pulse production.

The domestic demand of chickpea is so large that after it being the largest producer of chana, India is also the largest importer of chana in the world.

Read more about: chana, commodity, mcx, chickpea
Story first published: Friday, May 27, 2011, 13:30 [IST]
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