Agri Tips & Updates - Chana closes high-rise as demand increases.

Chana - Chana prices ended higher 0.12 % on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders extend their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for July 2015 contract closed at Rs. 4,167 per quintal, up by 0.12 %, after unlocking at Rs. 4,162 against the last closing price of Rs. 4,162. It touched the intra-day high of Rs. 4,198. Moreover, the restricted arrivals of the commodity in the physical market due to lesser predicted output also influenced the chana prices. India is the huge producer of chickpea followed by Iran, Pakistan & Turkey. India manufactures around 6 to 8 million tonnes & contributes around to be 70% of the total world production.