Chana down 0.49% on increased supply

Hopes of higher output put pressure on chana

Chana futures for January fell by Rs 20, or 0.49%, to Rs 4,084 per quintal in 35,760 lots.

At the National Commodity and Derivatives Exchange, the February contract declined by Rs 19, or 0.53%, to Rs 3,555 per quintal in 60,020 lots.

Speculators reducing their positions, increased supplies and subdued demand affected the trade.

Expectations of a higher output also put pressure on chana.