EPIC RESEARCH NCDEX CHANA UPDATE OF 01 JANUARY 2016

Chana futures at NCDEX traded closed higher yesterday due to good demand from stockists on dwindling stocks and reports of off-shore hoarding by the big trading houses. Chana Jan’16 futures closed higher by 1.91 per cent at Rs. 4,807 per quintal. Income tax department raided traders dealing in pulses, especially chana (chickpea), in Delhi and Mumbai on Tuesday to check the irregularities in importing.

As per data release by Agriculture Ministry, chana planted on 79.17 lakh hac, higher by 4 per cent compared to last year acreage of 75.82 as on Dec 18.

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