Breaking News

You are here » Indian-Commodity  :  Commodities  :  Chana  :  Government to release chana from its buffer stock through NCDEX


Government to release chana from its buffer stock through NCDEX

The government has decided that besides offering Chana (chickpea) to the state governments, its significant quantity should also be released immediately through National Commodity & Derivatives Exchange (NCDEX) in order to cool down prices. The decision was taken at a meeting of Inter-Ministerial committee on prices held under chairmanship of Secretary Department of Consumer Affairs, Hem Pande reviewed prices and availability of pulses.

The meeting also suggested exploring possibility to use Khadi and Village Industries Commission (KVIC) outlets for distribution of pulses besides postal network. The committee was informed that Department of Consumer Affairs is working on modalities with Department of Post to start distribution of pulses through its network at the earliest. The subsidized pulses are already being distributed through Kendriya Bhandar, Safal and NCCF in Delhi and NCR Region, NCCF is also selling the pulses in some other metros also.

The prices of pulses, which had recently crossed Rs 200 per kg, have declined substantially and now are ruling at an average price of Rs 75-120 per kg in major cities of the country. The maximum price is in the range of Rs 120-170 per kg.

Related News

View all news

Chana futures trade higher on lower arrivals

Chana futures traded higher on NCDEX as market participants enlarged their holdings on account of lower arrivals in the physical market. Though, weak domestic and export demand, capped some gains.The......

Chana futures trade higher on surge in demand

Chana futures traded higher on NCDEX on fresh positions created by traders after surge in demand from dal mills in the physical market. Besides, restricted supplies from producing regions too triggered......

Chana futures trade higher on rising demand

Chana futures traded higher on NCDEX as participants raised bets on account of increased demand from dal mills in spot markets. Besides, tight stocks position following a drop in arrivals from producing......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......