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Chana prices weakened by 0.43% to Rs 2811 per quintal in futures trading today as speculators reduced their positions, driven by sluggish demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, chana for delivery in September month declined by Rs 12, or 0.43% to Rs 2811 per quintal with an open interest of 136200 lots.
Likewise, the commodity for delivery in August contract traded lower by Rs 11, or 0.40% to Rs 2760 per quintal in 82050 lots.
Market analysts said speculators reduced their positions on the back of sluggish demand against adequate stocks position mainly influenced chana prices at futures trade.
