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Markets » Commodities » Food & Edible Oils
Press Trust of India  |  New Delhi  May 17, 2012 Last Updated at 14:41 IST

Chana sheds on sluggish demand

Profit-booking by speculators and sluggish demand in the spot market mainly pulled down chana prices

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Read more on:    Chana | NCDEX
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Chana prices declined by Rs 26 to Rs 4,300 per quintal in futures trade today as speculators booked profits, driven by sluggish demand in spot market.

At the NCDEX, the June delivery declined by Rs 26, or 0.60%, to Rs 4,300 per quintal with an open interest of 1,06,180 lots.

The May contract shed Rs 18, or 0.42%, to Rs 4,226 per quintal in 7,710 lots.

Market analysts said besides profit-booking by speculators, sluggish demand in the spot market mainly pulled down chana prices to trade lower at futures market.

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Chana
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Sugar output up at 25.5 million tonne this year surpasses govt estimate

Sugar production has surpassed the government's projection of 25.2 million tonnes in the 2011-12 marketing year so far.

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