NCDEX's chana contracts do Rs 91-cr turnover in day 1 of re-launch

Contracts attracted trading volumes of 17,380 tonnes

The National Commodity and Derivatives Exchange Ltd (NCDEX), India's leading commodity exchange, received an overwhelming response from value-chain participants on the first day of the re-launch of chana (pulses) contracts. The contracts registered a turnover of Rs 91 crore with trading volume of 17,380 tonnes. On Friday, its open Interest stood at 6,990 tonnes.

"We are encouraged by the enthusiastic participation from the market. It has been our constant endeavour to provide a strong and perfect hedging tool to the market and we are happy to offer a market-based price discovery and risk mitigation mechanism to the pulse farmers