 "Chana falls by 1% on sluggish demand")
Chana prices fell by 1.03 to Rs 2,779 per quintal in futures trading today as speculators reduced their holdings on account of sluggish spot demand against sufficient supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in September fell by Rs 29, or 1.03%, to Rs 2,779 per quintal, with an open interest of 80,710 lots.
Similarly, the commodity for delivery in August declined by Rs 27, or 0.98%, to Rs 2,727 per quintal in 1,64,560 lots.
Market analysts said speculators reduced their positions on the back of sluggish demand in the spot market against sufficient supplies, mainly led the fall in chana prices at futures trade.
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