 "Chana sheds 0.57% on subdued demand, increased supply")
Chana prices lost 0.57 per cent to Rs 3,490 per quintal in futures trading today as speculators reduced their positions, triggered by a weak spot market demand against rising supplies of new crop.
At the National Commodity and Derivative Exchange, chana for June contract fell by Rs 20, or 0.57 per cent, to Rs 3,490 per quintal, with an open interest of 1,28,200 lots.
The May contract lost Rs 15, or 0.44 per cent, to Rs 3,408 per quintal in 39,010 lots.
Market analysts attributed the fall in chana futures to speculators reduced their positions, triggered by a weak demand in the spot market against rising supplies from the new season crop.
At the National Commodity and Derivative Exchange, chana for June contract fell by Rs 20, or 0.57 per cent, to Rs 3,490 per quintal, with an open interest of 1,28,200 lots.
The May contract lost Rs 15, or 0.44 per cent, to Rs 3,408 per quintal in 39,010 lots.
Market analysts attributed the fall in chana futures to speculators reduced their positions, triggered by a weak demand in the spot market against rising supplies from the new season crop.