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Chana prices fell by Rs 18 to Rs 2,895 per quintal in futures trading today as speculators offloaded their positions, driven by a weak demand in the spot market against increased supplies from producing region.
At the National Commodity and Derivatives Exchange, chana for delivery in September month fell by Rs 18, or 0.62% to Rs 2895 per quintal with an open interest of 153480 lots.
Similarly, chana for delivery in September edged lower by Rs 13, or 0.43% to Rs 2981 per quintal in 72720 lots.
Anlysts said speculators offloaded their positions on the back of weak demand in the spot market against increased supplies from producing region mainly kept pressure on chana prices at futures trade.
