 "Chana down by 0.4% on higher supplies")
Chana remained weak and prices fell further by 0.19% to Rs 4,777 per quintal in futures market today as traders engaged in reducing their positions, triggered by higher supplies at the spot market against tepid demand.
At the National Commodity and Derivatives Exchange, chana for delivery in January declined by Rs 19, or 0.40%, to Rs 4,777 per quintal, with an open interest of 26,010 lots.
On similar lines, the commodity for delivery in April traded lower by Rs 12, or 0.27%, to Rs 4,373 per quintal in 12,290 lots.
Meanwhile, the government decided to import 10,000 tonnes of pulses for buffer stock and extend zero import duty on chickpeas and masoor till September 2016 as part of its steps to boost local supply and check prices.
The government will soon float tenders for 5,000 tonnes each of tur and urad dal.
At the National Commodity and Derivatives Exchange, chana for delivery in January declined by Rs 19, or 0.40%, to Rs 4,777 per quintal, with an open interest of 26,010 lots.
On similar lines, the commodity for delivery in April traded lower by Rs 12, or 0.27%, to Rs 4,373 per quintal in 12,290 lots.
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Analysts attributed the fall in chana prices at futures trade to higher supplies from producing belts in the physical market after the government measures to check rising prices amid subdued demand.
Meanwhile, the government decided to import 10,000 tonnes of pulses for buffer stock and extend zero import duty on chickpeas and masoor till September 2016 as part of its steps to boost local supply and check prices.
The government will soon float tenders for 5,000 tonnes each of tur and urad dal.