Business Standard

Wednesday, January 08, 2025 | 07:57 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Chana down 0.4% on supply pressure

Commodity for delivery in December shed 0.35%

Press Trust of India New Delhi
Chana prices moved down by 0.42% to Rs 3,062 per quintal in futures trading today due to increased supplies at spot market against fall in demand.

At the National Commodity and Derivatives Exchange, chana for delivery in January moved down by Rs 13, or 0.42%, to Rs 3,062 per quintal with an open interest of 92,460 lots.

Likewise, the commodity for delivery in December shed Rs 10, or 0.35%, to Rs 2,860 per quintal in 2,430 lots.

Analysts attributed the fall in chana futures prices to increased supplies from producing regions against low demand in the spot market.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 16 2013 | 3:04 PM IST

Explore News