Brochures Chana

8/3/2019 Brochures Chana

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CHANA


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CHANACHANA

C hana, also called B engal gram o r chick pea, is the prem iere pu lse cro p in the

Indian su b co ntinent. India is the largest co nsu m er and pro du cer o f chana in the

w o rld. The tw o po pu lar varieties o f chana in India are D esi and K ab u li. The desi

variety is u su ally split and relatively sm all w ith thick seed co at. K ab u li is cream in

co lo u r, relatively large in siz e w ith thin seed co at.

B engal gram is w idely appreciated as health f o o d. It is a pro tein rich su pplem ent tocereal b ased diet in India w here large secti o ns o f p o pu latio n are either vegetarian

o r canno t af f o rd anim al pro teins.

W ho le chana is split into chana dal and gro u nd to m ak e f lo u r po pu larly called

b esan apart f ro m b eing co nsu m ed in varied f o rm s w ith daily Indian m eals. C hana

is a go o d so u rce o f carb o hy drate, and pro tein.

USES AND NUTRITIONAL VALUEUSES AND NUTRITIONAL VALUE

CULTIVATION AND SEASONALITYCULTIVATION AND SEASONALITY

THE CROP CALENDAR

DOMESTIC SCENARIO

SHARE OF CHANA IN TOTAL PULSES PRODUCED BY VOLUME IN 2009-10

DOMESTIC SCENARIO

C hana co nstitu tes 5 0 per cent o f all pu lses pro du ced b y vo lu m e in India

C hana is a R ab i cro p so w n du ring the w inter m o nths in India. F ertile sandy and lo am so il w ith go o d drainage is req u ired f o r

cu ltivatio n. C o o ler clim ate and lo w rainf all su its chana cu ltivatio n. The peak arrival perio d is March - April at the m andis in

India.

S o u rce: Ministry o f Agricu ltu re, G O I

N o te: D ata is f o u rth Advance E stim ate b y the Ministry

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C hana pro du ctio n has increased b y 3 6 percent b etw een 2004 and 201 0 w ith 25 percent ex pansio n in acreage and 9

percent im pro vem ent in y ield. The go vernm ent has set a pro du ctio n target o f 7.5 8 m illio n to nnes f o r 201 0- 1 1 .

S o u rce: Ministry o f Agricu ltu re, G o vernm ent o f India

* * Area co vered as o n J an 28 th 201 1

* * * F o u rth advanced estim ate as released in J u ly 201 1

S o u rce: C MIE

STATES' SHARE IN PRODUCTION OF CHANA IN 2008-09

The ex po rt and im po rt o f chana y India has increased 6 percent and 20 percent respectively etw een 2005 and 2009

YEARLY IM PORT AND EXPORT OF CHANA-INDIA

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The Indian su co ntinent led y India im po rts ax im m vo lu e f chana hile Au stralia leads the list f co ntries

ex po rting chana

S o u rce: F o o d and Agricu ltu re O rganiz atio n o f the U nited N atio ns

Inf latio n o f chana prices w as least am o ngst pu lses and lo w er than f o o d articles du ring 201 0 .

S o u rce: O f f ice o f the E co no m ic Adviso r, G O I

TOP IMPORTERS OF CHANA IN 2008

PRICE BEHAVIOUR

WHOLESALE PRICE INDEX OF CHANA VERSUS PULSES FAM ILY AND FOOD ARTICLE

PRICE BEHAVIOUR

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INTERNATIONAL SCENARIOINTERNATIONAL SCENARIO

O riginally f ro m the Middle E ast, chana is gro w n thro u gho u t the sem i arid regio ns o f India and the Mediterranean. Apart f ro m

India, the o ther m aj o r pro du cers o f desi chana are Tu rk ey , P ak istan, and Au stralia

TOP CHANA PRODUCING COUNTRIES IN 2008

S o u rce: F o o d and Agricu ltu re O rganiz atio n o f the U nited N atio ns


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The price ehavi r depends n interpla et een de and and s ppl chana.The ain act rs i pacting de and and

s ppl are as ll s

l ct ati ns in area pr d cti n and ield

arr ver st c and i p rts i pacting the s ppl

act rs pr d cti n incl ding rain all

The Mini pp rt rice ered the g vern ent

et rns n c peting cr ps

The ini s pp rt prices are ann nced the central g vern ent ith a vie t ens re re nerative prices t the

ar ers r their pr d ce n the asis the issi n r Agric lt ral sts and rices A rec endati ns.These

prices are ann nced at the c ence ent the seas n t ena le ar ers t p rs e their e rts ith the ass rance that

the prices ar ers receive ld n t e el the level i ed the g vern ent.The ati nal Agric lt ral perative

Mar eting ederati n A is the n dal agenc r pr c re ent p lses r ar ers. The g vern ent raised the M

r chana percent in 20 0 ver the 200 0 level

MINIMUM SUPPORT PRICE OF CHANAMINIMUM SUPPORT PRICE OF CHANA

Dal M iller W ho lesaler(Dal)

Consumer

Retailer

Agent/Stockist

Wholesaler

Farmer

VALUE CHAIN PARTICIPANTS IN TRADE OF CHANAVALUE CHAIN PARTICIPANTS IN TRADE OF CHANA

N C D E X , t he leading agri f u tu res ex change in the co u ntry , o f f ers f u tu res trading in chana. F u tu res co ntract in C hana

co m plem ents the po rtf o lio o f a co m m o dity investo r and acts as a hedging to o l f o r the valu e chain participants in the trade o f

chana

CHANA @ NCDEXCHANA @ NCDEX

S o u rce: D irecto rate o f E co no m ics & S tatistics, G O I

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MINIMUM SUPPORT PRICE (RS/QTL) OF CHANA


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PRICE DISCOVERY THROUGH CHANA FUTURES CONTRACT

The ef icient price disco very thro gh the tu res co ntract o n chana ex plains the acco plishm ent o f this derivatives pro du ct.A clo se co nvergence o f f u tu res and spo t prices o f chana co ntract u po n ex piry illu strates the u tility o f this f u tu res co ntract as a

hedging instru m ent.

S o u rce: N C D E X ( Mo nthly vo latility calcu lated o n the b asis o f spo t prices at b asis centre)

The chana tu res co ntract is an ef ective to l to anage price risk

S o u rce: N C D E X


TRADED VOLUM E OF CHANA FUTURES ON NCDEX

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VOLATILITY IN SPOT PRICE OF CHANA IN 2010


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O ver the y ears, N C D E X chana co ntract has b een ab le to b u ild u p signif icant interest am o ng all m ark et participants w hich is

evident f ro m the steady o pen interest o f m o re than 200, 000 MT du ring the entire f inancial y ear 201 0- 1 1 .




AVERAGE MONTHLY OPEN INTEREST IN CHANA CONTRACT

MONTHLY RETURNS FROM CHANA CONTRACT

PHYSICAL DELIVERY OF CHANA ON NCDEX

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Final Sett lementPrice

The F inal S ettlem ent P rice ( ) shall b e arrived at b y tak ing the average o f the last three day s' last po lledspo t prices.

No. of acti ve contracts As per lau nch calendar

Memb er's Position

Limit

1 00, 0 00 MT f o r all co ntracts o r 1 5 % o f the m ark et- w ide o pen po sitio n, w hichever is higher.

F o r near m o nth co ntracts: Max im u m o f 20, 000 MT o r 1 5 % o f the m ark et- w ide near m o nth o pen po sitio n,

w hichever is higher ( The f o llo w ing lim its w o u ld b e applicab le f ro m o ne m o nth prio r to ex piry date) .

Clien t 's Posit ion

Limit

20, 000 MT

F o r near m o nth co ntracts: Max im u m o f 4 , 000 MT

Due Date/ ExpiryDate

20th day o f the delivery m o nth. If 20th happens to b e a ho liday , a S atu rday o r a S u nday then the du e date shallb e the im m ediately preceding trading day o f the E x change, w hich is o ther than a S atu rday

Opening of contracts Trading in any co ntract m nth w ill o pen o n the 1 0th day f the m nth. If 0th day f the m nth happensto b e a no n- trading day , co ntracts w o u ld o pen o n the nex t trading day .

Trading Hour s

Delivery Logic

As per directio ns o f the F o rw ard Mark ets C o m m issio n f ro m tim e to tim e, cu rrently -

Mo nday s thro u gh F riday s: 1 0: 00 a.m . to 5 : 00 p.m .

S atu rday s: 1 0.00 a.m . to 2.00 p.m .

The E change m ay vary the ab ve tim ing w ith du e no tice.

C o m pu lso ry D elivery

Addit ional deliverycentres K antaw alla C hana to b e delivered o nly at Indo re ( u p to the radiu s o f 5 0 k m f ro m m u nicipal lim its)D esi C hana can also b e delivered at B ik aner ( u p to the radiu s o f 5 0 k m f ro m m u nicipal lim its)

Delivery center D esi C hana to b e delivered at D elhi ( u p to the radiu s o f 5 0 k m s f ro m the m u nicipal lim its )

Quantit y variation + / - 5 %

Name of Comm odit y C H AN A

Ticker symbo l C H AR J D D E L

Tradi ng System N C D E X Trading S y stem

Basis D esi ex - w areho u se D elhi inclu sive o f all tax es and levies

Unit of t rading 1 0 MT

Delivery unit 1 0 MT

Quotation/b ase value R s per q u intal

Tick size e 1

U po n ex piry o f the co ntract all o u tstanding po sitio ns w ill resu lt in delivery . The penalty stru ctu re f o rf ailu re to m eet delivery o b ligatio ns w ill b e as per circu lar no . N C D E X / TR AD IN G - 08 6 / 2008 / 21 6dated S eptem b er 1 6 , 2008 .

Closing of contract U po n the ex piry o f a co ntract all o u tstanding o pen po sitio ns w o u ld resu lt in co m pu lso ry delivery

CONTRACT SPECIFICATIONS

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Q u ality S pecif icatio n D esi C hana K antaw alla chana

F o reign Matter ( O ther than varietal adm ix tu re) 1 % b asis 1 % b asis

3 % b asis 3 % b asis

2% b asis 3 % b asis

1 0% b asis 1 0% b asis

3 % m ax 3 % m ax

3 % b asis( W eeviled 2% m ax .)

3 % b asis( W eeviled 2% m ax .)

B ro k ens, S plits

D am aged and W eeviled

Mo istu re

V arietal adm ix tu re

The m aterial sho ld b e f ree o f Mathara and hesari and live inf estatio n.

G reen ( C o ty ledo n co lo u r) , I m m atu re, S hru nk en, S hriveled S eeds

MAJOR MANDIS NEAR THE NCDEX'S DELIVERY CENTRES FOR CHANAMAJOR MANDIS NEAR THE NCDEX'S DELIVERY CENTRES FOR CHANA

F o r f u rther details, please ref er to the NCDEX websit e ht t p:// ww w.ncdex.comC o ntact o u r P ro du ct Managers f o r any q u eries/ inf o rm atio n:

Sachin Purwar : 9999294456, Arun Yadav : 9930006791, Roh it Shukla : 9711371071

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Brochures Chana