 "Chana down 1.5% on weak demand")
Chana prices dropped 1.50% to Rs 2,895 per quintal in futures trade today as speculators trimmed positions amid weak domestic demand against higher supplies from producing regions.
At the National Commodity and Derivative Exchange, chana for delivery in July fell Rs 44, or 1.50%, to Rs 2,895 per quintal with an open interest of 1,08,940 lots.
The commodity for delivery in June lost Rs 42, or 1.46%, to Rs 2,826 per quintal in 88,400 lots.
Market analysts said besides subdued demand in the spot market, higher supplies from producing regions pulled down chana prices at futures trade.
At the National Commodity and Derivative Exchange, chana for delivery in July fell Rs 44, or 1.50%, to Rs 2,895 per quintal with an open interest of 1,08,940 lots.
The commodity for delivery in June lost Rs 42, or 1.46%, to Rs 2,826 per quintal in 88,400 lots.
Market analysts said besides subdued demand in the spot market, higher supplies from producing regions pulled down chana prices at futures trade.