 "Chana down 0.8% on supply pressure")
Chana prices fell by 0.83% to Rs 3,102 per quintal in futures market today on increased supplies from producing regions against subdued demand in the spot market.
Expectations of higher output this season also put pressure on chana prices at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs 26 or 0.83% to Rs 3102 per quintal with an open interest of 157900 lots.
Market analysts said sluggish demand in spot market against increased supplies from producing regions mainly pulled down the chana prices at futures trading.
Expectations of higher output this season also put pressure on chana prices at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs 26 or 0.83% to Rs 3102 per quintal with an open interest of 157900 lots.
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Similarly, the commodity for delivery in September lost Rs 20, or 0.66% to Rs 3023 per quintal in 2620 lots.
Market analysts said sluggish demand in spot market against increased supplies from producing regions mainly pulled down the chana prices at futures trading.