Ample stocks drag down chana futures by 0.12%

Chana prices were down 0.12 per cent to Rs 4,896 per quintal in futures trade today largely on adequate stocks and higher supplies from producing regions at the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month January 2016 fell by Rs 6, or 0.12 per cent to Rs 4,896 per quintal with an open interest of 29,770 lots.
Likewise, the commodity for delivery in December shed Rs 2, or 0.04 per cent to Rs 5,128 per quintal in 41,590 lots.
Marketmen attributed the fall in chana prices at futures trade to sufficient stocks due to higher supplies from producing belts in the physical market against subdued demand.