Chana prices closed lower by 0.45 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for in July 2015 contract cended at Rs. 4,229 per quintal, down by 0.45 %, after start at Rs. 4,265 against the Back closing price of Rs. 4,248. its touched the intra-day less of Rs. 4,211.

India is the largest producer of chickpea followed by Turkey , Pakistan and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.

Chana (gram) prices are likely to rise 10 per cent in two months on lower acreage and crop damages due to Unseasonal rainin major growings states. Food Minister Ram Vilas Paswan's assertion of levying import dutyto restrict overseas supplies and allow pulses exports might also support chana's upward march.

"Certainly, chana will touch Rs 4,000 a quintal-mark once arrivals of Letest season crop stabilises and crop size is last known. But, looking at less estimated produces based on a steep decline in sowing area, chana will remain firm for entire this Annum," said Mr. Ajay Kedia, managing director of Kedia Commodities.