 "Chana down 0.51% on sluggish demand")
Chana prices fell by 0.51 per cent to Rs 2,928 per quintal in futures trade today as speculators reduced positions, driven by sluggish demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in June declined by Rs 15, or 0.51 per cent, to Rs 2,928 per quintal with an open interest of 1,38,710 lots.
The July contract traded lower by Rs 13, or 0.43 per cent, to Rs 2,995 per quintal in 66,510 lots.
Analysts attributed the fall in chana prices to trimming of positions by speculators, triggered by subdued demand in the spot market against increased supplies from producing regions.
At the National Commodity and Derivative Exchange, chana for delivery in June declined by Rs 15, or 0.51 per cent, to Rs 2,928 per quintal with an open interest of 1,38,710 lots.
The July contract traded lower by Rs 13, or 0.43 per cent, to Rs 2,995 per quintal in 66,510 lots.
Analysts attributed the fall in chana prices to trimming of positions by speculators, triggered by subdued demand in the spot market against increased supplies from producing regions.