Business Standard

Chana slip by 0.3% on increased supply

Chana for delivery in August shed by 0.24%

Press Trust of India New Delhi
Chana prices slipped by 0.34% to Rs 3,237 per quintal in futures trading today due to increased supplies from producing regions against subdued demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in July slipped by Rs 11, or 0.34%, to Rs 3,237 per quintal with an open interest of 1,60,650 lots.

Similarly, chana for delivery in August shed Rs 8, or 0.24%, to Rs 3,306 per quintal in 77,620 lots.

Market analysts said increased supplies from producing region at the spot market against subdued demand mainly kept pressure on chana prices at futures trade.

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First Published: Jun 25 2013 | 2:09 PM IST

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