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Chana down 0.7% on increased arrivals

Commodity for delivery in July traded lower by 0.68%

Press Trust of India New Delhi
Amidst increased arrivals from producing regions and subdued spot demand, chana prices fell by 0.74% to Rs 2,829 per quintal in futures trade today.

At the National Commodity and Derivative Exchange, chana for delivery in June fell by Rs 21, or 0.74%, to Rs 2,829 per quintal, with an open interest 1,24,240 lots.

Similarly, the commodity for delivery in July traded lower by Rs 20, or 0.68%, to Rs 2,900 per quintal, in 98,190 lots.

Analysts attributed the fall in chana prices to increased arrivals from producing belts against sluggish demand in the spot market.

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First Published: May 27 2014 | 11:48 AM IST

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