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Chana futures down on sluggish demand

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Press Trust of India New Delhi

Chana prices declined by Rs 8 to Rs 3,317 per quintal in futures trade today on sluggish demand at prevailing higher levels against adequate stock availability.

At the National Commodity and Derivatives Exchange, October delivery declined by Rs 8, or 0.24%, to Rs 3,317 per quintal with an open interest for 124,040 lots.

September delivery shed Rs 6, or 0.19%, to Rs 3,227 per quintal in 317,000 lots.

Traders said sluggish demand at prevailing higher levels against adequate stock availability mainly led to the decline in chana futures prices.

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First Published: Aug 23 2011 | 12:16 PM IST

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