India chana area dn 9.2% on yr at 8.9 mln ha

Farmers in the country have sown chana across 8.94 mln ha, down 9.2% on year. A fall in acreage of the pulse in major producers Karnataka and Maharashtra due to drought in key growing regions of […]

New chana crop hits Karnataka

New chana crop hits Karnataka mkt, price at 10% premium to old crop. The new chana crop has started arriving in small quantities in Kalaburagi, a key market in Karnataka. However, the new crop has few […]

India chana acreage dn 21.5% YoY at 5 mln ha.

Farmers in the country have sown chana across 5.02 mln ha. Chana acreage however, higher than the five-year average of 4.58 mln ha for the corresponding period. A fall in acreage of the pulse in key […]

Rising demand lifts chana futures by 2%.

Chana prices went up by 2 per cent to Rs 4,641 per quintal in futures trade, driven by rising demand at the spot market. At the National Commodity and Derivatives Exchange, Chana for November moved up […]

Chana futures gain 0.96% on strong demand.

Chana prices went up by 0.96 per cent to Rs 4,212 per quintal in futures trade, as participants enlarged their positions, tracking a firm trend at the spot market on surging demand. Expanding of positions by traders on the back of strong demand in view of ongoing festive season and increased offtake by dal mills in the physical market mainly attributed the rise in chana prices at futures trade.

Rise in chana contract lifts NCDEX Dhaanya index.

The NCDEX Dhaanya index rose 9.82 points to 3205.08 points, largely due to gains in chana and castor seed contracts. A fall in guar seed contracts restricted the rise in index. Dhaanya is a value-weighted index, computed real-time using the near-month prices of 10 most liquid commodity futures. The components of the index and their weights are re-balanced every quarter. Currently, chana and guar seed carry a weight of 20% each, soybean 16%, and mustard seed 15%, and cottonseed oilcake 8%. Castor seed, coriander, barley, jeera, and turmeric are the other components of the index.

NCDEX to launch options in guargum, three other agro products in two weeks.

Agro-centric National Commodity & Derivatives Exchange (NCDEX) plans to launch options trading in four new contracts namely, guargum, soybean, refined soy oil and chana within two weeks. Currently generating a daily average turnover of around Rs 40 million in guarseed options, its only agro contract currently, the exchange has already received approval from the markets regulator the Securities and Exchange Board of India (Sebi) to launch options trading in these additional commodities.

Chana rises in Delhi as govt extends peas import ban.

Despite higher arrivals, chana prices in Delhi rose as the government extended the import ban on peas for another three months until December and on improved demand from the dal millers. In Delhi, the pulse was sold at 4,425 rupees per 100 kg, up 75 rupees. Halt in the chana sales by NAFED is also seen creating positive sentiments.