National Commodity & Derivatives Exchange (NCDEX), an online agri-commodity exchange has registered a turnover of Rs 91 crore on the first day of the re-launch of chana (pulses) contracts. The open interest was 6,990 tonnes with traded volume of 17,380 tonnes. The contract witnessed active participation by farmers groups in a bumper crop year and volatile prices.
The exchange had re-launched the chana futures contract expiring in the months of September 2017, October 2017 and November 2017 for trading from July 14, 2017. This step had been taken by the exchange after market regulator SEBI lifted ban on futures trading in chana (gram).
Last year in June, SEBI had suspended introduction of any new contracts in chana to curb speculation and check prices.