India suspends futures trading in chickpeas due to rising prices | Reuters - Firstpost
You are here:

India suspends futures trading in chickpeas due to rising prices | Reuters

#Africa   #France   #Health   #India   #markets   #science   #United States  


MUMBAI India will not launch new futures contracts of chickpeas, the top-most consumed pulse in the country, market regulator Securities and Exchange Board of India said in a statement late on Thursday.

Prices of chickpeas, also known as chana, have been rising over the last few months after back-to-back droughts in the country curtailed production.

India's annual consumer price inflation accelerated to a near two-year high of 5.76 percent in May, driven by surging prices of food products such as pulses and sugar.

(Reporting by Rajendra Jadhav; Editing by Alexandra Hudson)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Jun 16, 2016 23:18 IST

Comment using Disqus

Show Comments