 "Chana down 0.3% amid sluggish spot demand")
Chana prices declined by 0.31% to Rs 3,185 per quintal in futures trade today as speculators trimmed positions amid sluggish spot demand.
Besides, adequate supplies from producing regions also weighed on prices.
At the National Commodity and Derivative Exchange, chana for delivery in December declined by Rs 10, or 0.31%, to Rs 3,185 per quintal with an open interest of 78,910 lots.
Analysts said trimming of positions by speculators driven by sluggish demand in the spot market against adequate supplies from producing region mainly led to decline in chana prices at futures trade.
Besides, adequate supplies from producing regions also weighed on prices.
At the National Commodity and Derivative Exchange, chana for delivery in December declined by Rs 10, or 0.31%, to Rs 3,185 per quintal with an open interest of 78,910 lots.
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Similarly, the commodity for delivery in November shed Rs 9, or 0.29%, to Rs 3,101 per quintal in 56,840 lots.
Analysts said trimming of positions by speculators driven by sluggish demand in the spot market against adequate supplies from producing region mainly led to decline in chana prices at futures trade.