 "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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%