 "Chana down 0.4% on profit-booking")
Chana prices fell by Rs 12 to Rs 2,978 per quintal in futures trade today on profit-booking by speculators due to large stocks from the old crop and expectations of higher production.
Sentiment is low because stocks from the old crop are high. Demand is also weak in the local market on higher carry forward stocks and prospects of higher production, traders said.
At the National Commodity and Derivative Exchange, chana for January delivery declined by Rs 12, or 0.40%, to Rs 2,978 per quintal, with an open interest for 46,330 lots.
Similarly, chana for February delivery fell by Rs 9, or 0.29%, to Rs 3,047 per quintal with an open interest of 70,210 lots.
Sentiment is low because stocks from the old crop are high. Demand is also weak in the local market on higher carry forward stocks and prospects of higher production, traders said.
At the National Commodity and Derivative Exchange, chana for January delivery declined by Rs 12, or 0.40%, to Rs 2,978 per quintal, with an open interest for 46,330 lots.
Similarly, chana for February delivery fell by Rs 9, or 0.29%, to Rs 3,047 per quintal with an open interest of 70,210 lots.
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