Chana futures slide 0.45% on subdued spot demand

Chana prices slip 0.45 per cent to Rs 3,768 per quintal in futures trade today as participants reduced exposure amid sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in April fell Rs 17, or 0.45 per cent, to Rs 3,768 per quintal with an open interest of 26,970 lots.
Similarly, the commodity for delivery in March contracts shed Rs 13, or 0.35 per cent to Rs 3,744 per quintal in 86,160 lots.
Marketmen attributed the fall in chana futures to offloading of positions by traders owing to slackened demand in the physical markets against sufficient stock positions.