 "Chana down 1.5% on subdued demand, higher output hopes")
Chana prices fell by Rs 46 to Rs 2,962 per quintal in futures trade today as speculators reduced positions due to subdued spot demand amid higher output hopes.
At the National Commodity and Derivatives Exchange, chana for October delivery fell by Rs 46, or 1.52%, to Rs 2,962 per quintal, with an open interest of 1,49,520 lots.
Chana for November delivery declined by Rs 38, or 1.22%, to Rs 3,061 per quintal, with an open interest of 76,420 lots.
Traders said besides subdued demand and mounting stocks, hopes of higher output mainly put pressure on chana futures prices.
At the National Commodity and Derivatives Exchange, chana for October delivery fell by Rs 46, or 1.52%, to Rs 2,962 per quintal, with an open interest of 1,49,520 lots.
Chana for November delivery declined by Rs 38, or 1.22%, to Rs 3,061 per quintal, with an open interest of 76,420 lots.
Traders said besides subdued demand and mounting stocks, hopes of higher output mainly put pressure on chana futures prices.