 "Chana falls 0.25% on increased supply")
Chana remained weak and prices fell further by 0.25 per cent to Rs 3,163 per quintal in futures trade today as speculators reduced positions amid increased supplies from producing belts in spot market against low demand.
At the National Commodity and Derivative Exchange, chana for delivery in November traded lower by Rs 8, or 0.25 per cent, to Rs 3,163 per quintal with an open interest of 48,570 lots.
The December contract shed Rs 6, or 0.19 per cent, to Rs 3,150 per quintal in 66,350 lots.
Traders said offloading of positions by traders, driven by increased supplies from producing regions in the physical market, mainly kept pressure on chana prices in futures trade.
At the National Commodity and Derivative Exchange, chana for delivery in November traded lower by Rs 8, or 0.25 per cent, to Rs 3,163 per quintal with an open interest of 48,570 lots.
The December contract shed Rs 6, or 0.19 per cent, to Rs 3,150 per quintal in 66,350 lots.
Traders said offloading of positions by traders, driven by increased supplies from producing regions in the physical market, mainly kept pressure on chana prices in futures trade.