 "Chana falls by 0.7% on muted demand")
Chana prices fell further by 0.73% to Rs 4,343 per quintal in futures trading today as participants engaged in reducing their positions, tracking a weak trend at spot market on low demand.
Furthermore, adequate stocks in the physical market on pick up in supplies from producing regions fuelled the downtrend.
At the National Commodity and Derivative Exchange, chana for delivery in far-month April drifted by Rs 32, or 0.73% to Rs 4,343 per quintal with an open interest of 3,960 lots.
Analysts attributed the fall in chana futures to slackened demand against sufficient stocks on higher supplies from producing regions.
Furthermore, adequate stocks in the physical market on pick up in supplies from producing regions fuelled the downtrend.
At the National Commodity and Derivative Exchange, chana for delivery in far-month April drifted by Rs 32, or 0.73% to Rs 4,343 per quintal with an open interest of 3,960 lots.
Also Read
Similarly, the commodity for delivery in January traded lower by Rs 27, or 0.63% to Rs 4,291 per quintal in 26,850 lots.
Analysts attributed the fall in chana futures to slackened demand against sufficient stocks on higher supplies from producing regions.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%