Chana falls by 0.1% on weak cues

Chana prices softened marginally by Rs 2 to Rs 3,211 per quintal in futures trading today on weak cues from spot markets.

 

At the National Commodity and Derivatives Exchange, chana for delivery in October softened by Rs 2, or 0.06% to Rs 3211 per quintal with an open interest of 126770 lots.

    

Likewise, the commodity for delivery in September traded lower by Re 1, or 0.03% to Rs 3096 per quintal in 76680 lots.

   

Market analysts said speculators reduced their positions on the back of sluggish demand in spot market against adequate supplies from producing regions mainly helped chana prices to trade marginally lower at futures trade.