Business Standard

Chana down 0.49% on increased supply

Hopes of higher output put pressure on chana

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Press Trust of India New Delhi

Chana futures for January fell by Rs 20, or 0.49%, to Rs 4,084 per quintal in 35,760 lots.

At the National Commodity and Derivatives Exchange, the February contract declined by Rs 19, or 0.53%, to Rs 3,555 per quintal in 60,020 lots.

Speculators reducing their positions, increased supplies and subdued demand affected the trade.

Expectations of a higher output also put pressure on chana.

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First Published: Jan 10 2013 | 12:45 PM IST

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