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Chana down 0.2% on subdued demand

Commodity for delivery in February shed 0.17%

Press Trust of India New Delhi
Chana prices fell 0.27% to Rs 2,995 per quintal in futures trading today as speculators offloaded their positions, tracking a weak trend in spot market on low demand against adequate supplies.

At the National Commodity and Derivative Exchange, chana for delivery in April declined by Rs 8, or 0.27%, to Rs 2,995 per quintal with an open interest of 83,970 lots.

Similarly, the commodity for delivery in February shed Rs 5, or 0.17%, to Rs 2,860 per quintal in 34,550 lots.

Analysts said speculators offloaded positions on subdued demand in the spot market against adequate supplies from producing regions which kept pressure on chana prices at futures trade.

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First Published: Feb 11 2014 | 12:52 PM IST

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