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Chana prices moved down by 0.54% to Rs 3,141 per quintal in futures market today as speculators reduced holdings amid sluggish demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs 17, or 0.54% to Rs 3,141 per quintal with an open interest of 1,58,340 lots.
Likewise, the commodity for delivery in September declined by Rs 12 or 0.39% to Rs 3,056 per quintal in 2,970 lots.
Market analysts said the fall in chana prices at futures trade was mostly attributed to cutting of positions by speculators, triggered by sluggish demand in spot market against adequate supplies from producing regions.
