Chana down by 0.61% on low demand

Image
Press Trust of India New Delhi
Last Updated : Oct 27 2014 | 11:36 AM IST
Chana prices declined by 0.61 per cent to Rs 2,954 per quintal in futures trade today as speculators reduced positions amid low demand in the spot market against higher supplies from producing belts.
At the National Commodity and Derivative Exchange, chana for delivery in December moved down by Rs 18, or 0.61 per cent to Rs 2,954 per quintal with an open interest of 36,100 lots.
In a similar fashion, the commodity for delivery in November traded lower by Rs 17, or 0.58 per cent to Rs 2,908 per quintal in 1,03,800 lots.
Market analysts attributed the fall in chana futures to low demand in markets against higher supplies from producing regions.
*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: Oct 27 2014 | 11:36 AM IST

Next Story