Chana prices eased by 0.16 per cent to Rs 5,797 per quintal in futures trading today as speculators cut down their positions, driven by sluggish demand in the spot market against ample stocks positions.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month July fell by Rs 9, or 0.16 per cent to Rs 5797 per quintal with an open interest of 3910 lots.
On similar lines, the commodity for delivery in June contracts shed Rs 6, or 0.10 per cent to Rs 5727 per quintal in 19,190 lots.
Analysts attributed the slide in chana futures to low demand in the physical market against sufficient stocks on increased supplies from producing regions after the government announced measures to check rising prices.
Meanwhile,the Maharashtra government yesterday demanded the Centre to release 10,000 tonnes of tur dal immediately from the buffer stock to meet the requirement of pulses in the state.
