Chana prices continued to slide for the fourth straight day by losing Rs 9 to Rs 3,089 per quintal in futures trading today as speculators reduced their positions, driven by sluggish spot market demand.
At the National Commodity and Derivatives Exchange, chana for August delivery lost Rs 9, or 0.29%, to Rs 3,089 per quintal, with an open interest of 181,920 lots.
Similarly, the commodity for September delivery shed Rs 7, or 0.22%, to Rs 3,179 per quintal, with an open interest of 253,990 lots. Traders said speculators reduced their positions on the back of a weak trend in the spot market on sluggish demand mainly led to the decline in chana future prices.