Chana futures down on increased supply

Chana prices moved down by Rs 25, or 0.78 per cent, to Rs 3,165 per quintal in futures market today as speculators offloaded their positions following weak cues from spot markets.
At the National Commodity and Derivatives Exchange, chana for delivery in June lost Rs 25, or 0.78 per cent to Rs 3,165 per quintal with an open interest of 63,200 lots.
The commodity for delivery in May declined by Rs 22, or 0.70 per cent to Rs 3102 per quintal in 95,300 lots.
Analysts attributed the fall in chana futures to increased supplies from producing regions against subdued demand in the spot market.