Chana down by 0.9% on fall in demand

Chana prices moved down by 0.93% to Rs 3,105 per quintal in futures trade today as speculators trimmed positions after fall in demand at prevailing higher levels in the spot market.

 

Increased supplies from producing regions in the physical market also put pressure on chana prices.

 

At the National Commodity and Derivative Exchange, chana for delivery in November moved down by Rs 29 or 0.93%, to Rs 3,105 per quintal with an open interest of 64,950 lots.

 

Similarly, the commodity for delivery in December lost Rs 25, or 0.78%, to Rs 3,190 per quintal in 78,240 lots.

 

Analysts said trimming of positions by speculators amid fall in demand in the spot market at prevailing higher levels mainly pulled down chana prices at futures trade.