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Chana weakens on low spot demand

September contract down 1.36%

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 4:33 AM IST

Chana prices further declined by Rs 64 to Rs 4,652 per quintal in futures market today following the drop in spot demand at prevailing higher levels.

Thin supplies in physical markets, however, restricted the losses.

At the National Commodity and Derivatives Exchange, chana for delivery in September fell by Rs 64, or 1.36%, to Rs 4,652 per quintal with an open interest of 42,410 lots.

The August contract shed Rs 56, or 1.21%, to Rs 4,562 per quintal in 79,300 lots.

Analysts attributed the fall in chana futures to decline in demand at prevailing higher levels but thin supplies limited the losses.

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First Published: Jul 27 2012 | 11:38 AM IST

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