Business Standard

Chana sheds 0.46% on subdued demand

Traders pare positions on low offtake, stock pile up

Press Trust of India New Delhi
Chana prices fell by 0.46 per cent to Rs 3,266 per quintal in futures trading today as participants reduced positions driven by sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in April fell by Rs 15, or 0.46 per cent to Rs 3,266 per quintal with an open interest of 85,140 lots.

The May contract lost Rs 14, or 0.42 per cent to Rs 3314 per quintal in 40,120 lots.

Analysts attributed the fall in chana prices at futures to sluggish demand in the spot market against adequate stocks position.

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First Published: Mar 14 2014 | 12:26 PM IST

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