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Chana prices fell by 1.23% to Rs 3,137 per quintal in futures trading today as speculators trimmed their positions, tracking a weak trend at spot market on subdued demand against increased supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in September fell by Rs 39, or 1.23% to Rs 3,137 per quintal with an open interest of 1,33,850 lots.
Similarly, the commodity for delivery in October traded lower by Rs 31, or 0.96% to Rs 3,214 per quintal in 86,340 lots.
Analysts said offloading of positions by speculators due to a weak trend at spot market on subdued demand against increased supplies from producing regions mainly kept pressure on chana prices at futures trade.
