Business Standard

Saturday, December 21, 2024 | 12:25 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Chana down 0.9% on higher supply, low demand

Lower demand in the spot market put pressure on the commodity

Press Trust of India New Delhi
Chana futures witnessed persistent fall in futures trade today as it fell 0.93% to Rs 2,766 per quintal as speculators offloaded positions amidst increased supplies from producing regions.

Besides, lower demand in the spot market put pressure on chana futures.

At the National Commodity and Derivative Exchange, chana for delivery in June fell further by Rs 26, or 0.93%, to Rs 2,766 per quintal with an open interest of 1,20,900 lots.

Similarly, the commodity for delivery in July declined by Rs 26, or 0.91%, to Rs 2,836 per quintal in 1,05,650 lots.

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

First Published: May 28 2014 | 11:52 AM IST

Explore News