Chana down 0.7% on increased supply

Chana fell by 0.79% to Rs 3,274 per quintal in futures trading today after speculators trimmed positions following increased supplies from producing regions.

At the National Commodity and Derivative Exchange, chana for delivery in April fell by Rs 26, or 0.79%, to Rs 3,274 per quintal with an open interest of 56,730 lots.

Similarly, the commodity for delivery in May lost Rs 25, or 0.74%, to Rs 3,331 per quintal in 5,60,060 lots.

Analysts attributed the fall in chana prices at futures trade to increased supplies from producing belts against subdued demand in the spot market.