 "Chana declines 0.27% on increased supply")
Chana prices fell by 0.27 per cent to Rs 2,973 per quintal in futures trade today as speculators trimmed positions, triggered by increased supplies from producing regions against sluggish demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in May traded lower by Rs 8, or 0.27 per cent, to Rs 2,973 per quintal with an open interest of 2,780 lots.
The June contract shed Rs 8, or 0.26 per cent, to Rs 3,042 per quintal in 1,58,770 lots.
Analysts attributed the fall in chana prices at futures to increased supplies from producing belts against subdued demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in May traded lower by Rs 8, or 0.27 per cent, to Rs 2,973 per quintal with an open interest of 2,780 lots.
The June contract shed Rs 8, or 0.26 per cent, to Rs 3,042 per quintal in 1,58,770 lots.
Analysts attributed the fall in chana prices at futures to increased supplies from producing belts against subdued demand in the spot market.