 "Chana down 0.7% on increased supply")
Chana prices fell 0.69% to Rs 2,871 per quintal in futures trade today as speculators trimmed positions amidst increased supplies from producing regions in the spot market against weak demand.
At the National Commodity and Derivative Exchange, chana for delivery in September moved down by Rs 20, or 0.69%, to Rs 2,871 per quintal with an open interest of 1,15,010 lots.
Similarly, the commodity for delivery in August traded lower by Rs 18, or 0.64%, to Rs 2,787 per quintal in 92,020 lots.
Market analysts attributed the fall in chana futures to increased supplies from producing regions in the physical market against weak demand from dal mills.
At the National Commodity and Derivative Exchange, chana for delivery in September moved down by Rs 20, or 0.69%, to Rs 2,871 per quintal with an open interest of 1,15,010 lots.
Similarly, the commodity for delivery in August traded lower by Rs 18, or 0.64%, to Rs 2,787 per quintal in 92,020 lots.
Market analysts attributed the fall in chana futures to increased supplies from producing regions in the physical market against weak demand from dal mills.