Chana futures slip 0.86% on muted demand

Chana prices fell by 0.86 per cent to Rs 4,521 per quintal in futures trade today as participants trimmed positions, triggered by easing demand at prevailing levels in the spot market against adequate stocks.
At the National Commodity and Derivative Exchange, chana for delivery in October fell Rs 39, or 0.86 per cent, to Rs 4,521 per quintal with an open interest of 75,000 lots.
Likewise, the commodity for delivery in November shed Rs 4, or 0.09 per cent, to Rs 4,551 per quintal in 56,870 lots.
Analysts said offloading of positions by speculators, driven by weak cues from spot market on easing demand against adequate stocks position, mainly led to fall in chana prices in futures trade.