Business Standard

Chana down 0.3% on sluggish demand

Speculators reduced positions due to sluggish demand in the spot market

Press Trust of India New Delhi
Chana prices moved down by 0.33% to Rs 3,301 per quintal in futures trade today as speculators reduced positions due to sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in May declined by Rs 11, or 0.33% to Rs 3301 per quintal with an open interest of 50,550 lots.

Similarly, the commodity for delivery in April shed Rs 8, or 0.25% to Rs 3245 per quintal in 69050 lots.

Analysts attributed the decline in chana prices at futures to sluggish demand in the spot market against adequate stocks position.

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First Published: Mar 24 2014 | 1:25 PM IST

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