Chana futures closed lower yesterday as buyers exit their positions on news that Exchange increased special cash margin on chana. Chana futures for May delivery closed lower by 0.67% to settle at Rs 5,330 per quintal. Paswan said that government might impose curs on chana futures if required. To curb speculation in pulses futures, agri-commodity bourse NCDEX today hiked the total deposit money or margin to 45 % on chana (gram) buyers and 10 % on sellers, effective from today.

 India has imported 9.13 lt of Chana until January in the current financial year. In January, country imported over 3.34 lt of chana, which is a record. In the second advance estimate for 2015-16, government forecasted 8.09 mt of chana this year, which is more than production estimated last year (7.17 mt). According to IMD, fresh spell of rain may lash North-West region due to western disturbances.

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