Chana down 0.1% on higher supply

Commodity for delivery in October weakened by 0.07%

Chana prices fell by 0.19% to Rs 3,137 per quintal in futures trade today following higher supplies from producing regions against subdued demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in November declined by Rs 6, or 0.19%, to Rs 3,137 per quintal with an open interest of 10,9300 lots.

Similarly, the commodity for delivery in October weakened by Rs 2, or 0.07%, to Rs 3,045 per quintal in 5,630 lots.

Analysts said higher supplies from producing regions against sluggish demand in the spot market mainly influenced chana prices at futures trade.