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NCDEX to launch chickpea futures from Friday: sources
July 12, 2017 / 10:15 AM / 5 months ago

NCDEX to launch chickpea futures from Friday: sources

MUMBAI (Reuters) - India’s National Commodity and Derivatives Exchange (NCDEX) will start trading in chickpea futures from Friday, two sources with direct knowledge of the matter told Reuters on Wednesday.

A man roasts chickpeas in an oven at a workshop in Faisalabad October 24, 2012. REUTERS/Fayyaz Hussain/Files

The exchange will initially launch three contracts of chickpea, known locally as chana, said a source, who declined to be named.

Market regulator Securities and Exchange Board of India had suspended futures trading in June 2016 after chana prices spiked due to a drop in the production.

Reporting by Rajendra Jadhav; Editing by Gopakumar Warrier

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