Chickpeas Commodity

What is the Demand for Chana (Chickpea) Commodity, and Which Companies are Dealing with Chana?

Chickpea, popularly known as Chana, is one of the most desiring pulses in the Subcontinent. The highly essential Rabi crop is down during the time of October to November, but it harvests from February to March. India is one of the largest users of Chana, and the ruling producers are Madhya Pradesh, Karnataka, Rajasthan, Andhra Pradesh, and Uttar Pradesh. 

The Demand of Chana Commodity

Todays(06/06/2021) value of Chana Gram is 5,177 and in a down trend. But In 2021 due to unseasonsal rains, lower carry forward stocks did a good impact in the price of Chana. on 2021 April Chana price went to 5777.67 Inr.

In 2019, the subnormal growth demand of Chana and a proportionate supply of it force the market to lower the trade level. According to the statistics, Chana Gram price was at INR 4,200 to 4250 a quintal, while on the other hand, Desi Chana rate was INR 4,150 in the Indian markets. When it comes to Vishal Chana, per quintal price rate was 4,100 Indian rupees.

When we look at the Stats, we know that since the start of December 2018, the future of Chana has seen under pressure. As per the reports of the National Commodities and Derivative Exchange (NCDEX), the price level for Chana commodity fell about 6.7 percent till date.

 The reason for low price rate of Chana commodity is because the output came in higher during the last two years by producing and importing a high amount of the product. As per the records, India imported over 31 lac tonnes of the commodity in the past three years. Moreover, the supply (100 tonnes) raised more than the consumption (70-75 tonnes), which results in the fall of the Chana demand.  

Companies that are dealing with Chana (Chickpea) Commodity

India is the biggest importer of Chana, and it imports Kala Chana, Split Chana, and other types of the product from many countries like Pakistan, Australia, Myanmar, United Arab Emirates, Kenya, etc. As e-commerce is popular more across the globe, you can buy any variety of Chana from one of the largest online store, indiamart.com. Moreover, you can also buy from another accredited e-commerce website, Amazon. If you don’t want to buy from the site, then go for the Indian domestic markets, and you will get high-quality Chana from there.

What are the famous Chana Dishes in India?

In India, there is a diversity in the dishes of Chana, and people love to make different types of it with the use of local masala (Spices). Whether you like Kala Chana, Chana Dal, Chana (Chickpea) Curry, White Chana, or others that can serve with either rice or Roti (tortilla), you can find the variety of the dishes in almost every traditional restaurant of the country.

twitter impact on market

How Twitter Influences the Financial Market Worldwide?

As the world is getting more forward-looking in terms of technology, everything seems so digital now, and nobody can deny the presence of social media platforms that are changing not only human life but the impression of businesses and stock markets, too. Among them, Twitter is getting attention as the top-rated social media site, and it’s quite an exciting one.

How Twitter influences financial markets worldwide?

Twitter is a household name now, and we all know the presence of social media in our lives. The power of social platforms is increasing with each passing day. It has the potential to influence not only a common man’s life but stock markets, too. 

According to Barron’s research, they say that twitter has influences in the financial markets. They did a study on twitter and traditional media influences on the sovereign bond market and found the impact is high.

According to the report of 2013, over 66% of companies are willing to increase their social media presence because of competitiveness and the influence of them on everyday stock analytics. In the same report, you can see the leading position among social media belonged to LinkedIn (58%) and Twitter (47%). When it comes to the former one, it is for the recruitment purpose as people upload their resumes, and the company hires them as per their suitability. The latter one is influencing the stock markets because larger companies feel more pressure on them as everyone’s eyes are on their activities.

How Twitter Works?

There are different patterns of using Twitter. When it comes to large businesses, they preferably tweet more and keep their followers up-to-date with their strategies and policies so that they keep themselves in the competition, while smaller companies like to share hyperlinks and hashtags in their tweets more than anything. 

Using hashtags is an effective method to spread one’s message or a tweet to the broader audience fast so you can find any tweet with ease. However, there are many applications in the PlayStore that are providing the latest updates on stock market tweets. Do you want to know about them? Let’s find out.

Twitter Impacts the Crypto market

Some events happened on twitter created huge impact on the crypto market, Elon Musk the founder of Tesla has near 60 million followers and every tweets of him affects the crypto market significantly.

Event hough there were many factors Musk’s tweets made Bitcoin to plunge from 65000 dollars to 30000 dollars. in May 2021. Most of the investors know that there is a value for every financial instruments but these type influencing events impacts the majority of the investors very badly and some of them its a fortune to get big gap market falls or ups.

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