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Chana down on sluggish demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:40 AM IST

Chana futures prices fell further by Rs 20 to Rs 3,225 per quintal today, as speculators booked profits at existing high prices, due to a sluggish demand in physical market.

Traders said increased supply from Madhya Pradesh and Rajasthan also put pressure on chana prices at futures trade.

At the National Commodity and Derivatives Exchange, December chana fell by Rs 20, or 0.62%, to Rs 3,225 per quintal, with an open interest of 90,620 lots.

The November contract declined by Rs 19, or 0.61%, to Rs 3,113 per quintal, with an open interest of 1,34,840 lots.

Similarly, prices for delivery in October eased by Rs 13, or 0.43%, to Rs 2,991 per quintal, with a trade volume of 95,150 lots.

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First Published: Oct 11 2011 | 1:50 PM IST

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