 "Chana down 0.4% on increased supply")
Chana remained weak for the second day and prices fell further by 0.42% to Rs 2,865 per quintal in futures trading today as speculators offloaded their positions amidst increased supplies from producing regions in the spot markets.
At the National Commodity and Derivative Exchange, chana prices for delivery in October were down by by Rs 12, or 0.42%, to Rs 2,865 per quintal with an open interest of 1,12,190 lots.
Similarly, the commodity for delivery in September shed Rs 6, or 0.21%, to Rs 2,806 per quintal in 84,290 lots.
Analysts said offloading of positions by speculators, triggered by increased supplies from producing regions in the physical market against sluggish demand from dal mills, kept pressure on chana prices at futures trade.
At the National Commodity and Derivative Exchange, chana prices for delivery in October were down by by Rs 12, or 0.42%, to Rs 2,865 per quintal with an open interest of 1,12,190 lots.
Similarly, the commodity for delivery in September shed Rs 6, or 0.21%, to Rs 2,806 per quintal in 84,290 lots.
Analysts said offloading of positions by speculators, triggered by increased supplies from producing regions in the physical market against sluggish demand from dal mills, kept pressure on chana prices at futures trade.