 "Chana down 0.6% on higher supply, low demand")
Chana prices declined by 0.60% to Rs 2,804 per quintal in futures trading today as speculators trimmed positions, driven by low demand in the spot market against higher supplies from producing regions.
At the National Commodity and Derivative Exchange, chana for delivery in February declined by Rs 17, or 0.60% to Rs 2804 per quintal with an open interest of 47,160 lots.
Similarly, the commodity for delivery in April shed Rs 8, or 0.27% to Rs 2998 per quintal in 76,490 lots.
Analysts said speculators trimmed positions, driven by a low demand in the spot market against higher supplies from producing regions mainly pulled down chana prices at futures trade.
At the National Commodity and Derivative Exchange, chana for delivery in February declined by Rs 17, or 0.60% to Rs 2804 per quintal with an open interest of 47,160 lots.
Similarly, the commodity for delivery in April shed Rs 8, or 0.27% to Rs 2998 per quintal in 76,490 lots.
Analysts said speculators trimmed positions, driven by a low demand in the spot market against higher supplies from producing regions mainly pulled down chana prices at futures trade.