 "Chana down by 0.5% on profit booking")
Chana prices fell by 0.53% to Rs 3,178 per quintal in futures trade today on profit booking by speculators due to sluggish demand in the spot market.
Weak demand in the local market, sufficient stocks and favourable weather for sowing also put pressure on the prices.
At the National Commodity and Derivative Exchange, chana for January declined by Rs 17, or 0.53%, to Rs 3,178 per quintal with an open interest for 53,710 lots.
Traders said sluggish demand in the domestic market at existing higher prices and increased arrivals from Rajasthan mainly led to the fall in chana futures prices.
Weak demand in the local market, sufficient stocks and favourable weather for sowing also put pressure on the prices.
At the National Commodity and Derivative Exchange, chana for January declined by Rs 17, or 0.53%, to Rs 3,178 per quintal with an open interest for 53,710 lots.
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Similarly, chana for December delivery fell by Rs 15, or 0.48% to Rs 3,084 per quintal with an open interest of 84,310 lots.
Traders said sluggish demand in the domestic market at existing higher prices and increased arrivals from Rajasthan mainly led to the fall in chana futures prices.
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