Chana futures slip on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Chana prices declined by Rs 13 or 0.58 per cent to Rs 2,238 per quintal in futures trading today on increased arrivals in the spot market against sluggish demand.

At the Multi Commodity Exchange, chana for July contract fell Rs 13, or 0.58 per cent to Rs 2,238 per quintal, with an open interest of 1,447 lots.

Similarly, the commodity for delivery in June contract shed Rs 6, or 0.27 per cent to Rs 2,187 per quintal in 315 lots.

Traders said, increased arrivals in spot market against sluggish demand mainly helped chana prices to trade lower at futures market.

*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: May 17 2010 | 4:12 PM IST

Next Story