Chana extends losses, down 0.09% on higher supply

The May contract traded lower by Rs 2, or 0.06% to Rs 3,448 per quintal in 31210 lots

Press Trust of India New Delhi
Last Updated : Feb 27 2013 | 4:03 PM IST
Chana prices extended losses for the second straight day today by losing Rs 3 to trade at Rs 3,344 per quintal in futures market on higher supplies from producing belts against sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, April chana shed Rs 3, or 0.09% to Rs 3,344 per quintal with an open interest of 72010 lots.

The May contract traded lower by Rs 2, or 0.06% to Rs 3,448 per quintal in 31,210 lots.

Market analysts said higher supplies from producing belts against sluggish demand in the spot market mainly kept pressure on chana prices at futures trade.
*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

More From This Section

First Published: Feb 27 2013 | 4:02 PM IST

Next Story