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Chana futures weakens on higher arrivals

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Press Trust of India New Delhi

Chana prices declined further by Rs 22 to Rs 2,789 per quintal in futures trade today on higher arrivals in the spot market amid subdued demand. 

At the National Commodity Derivatives Exchange, chana for delivery in June fell by Rs 22, or 0.78 per cent, to Rs 2,789 per quintal, with an open interest of 23,150 lots.  

Likewise, the commodity for delivery in March lost Rs 10, or 0.39 per cent, to Rs 2,534 per quintal in 74,820 lots. 

Analysts said rising arrivals in the spot market, against fall in demand mainly led to the decline in chana futures prices.

 

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First Published: Feb 25 2011 | 12:51 PM IST

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