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

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

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)

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Updated Date: Jun 16, 2016 23:18:34 IST