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Chana prices fell by 1.04% to Rs 3,230 per quintal in futures trading today as speculators trimmed their positions, tracking a weak trend at spot market on sluggish demand against increased supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs 34, or 1.04% to Rs 3,230 per quintal with an open interest of 1,06,640 lots.
Likewise, chana for delivery in September traded lower by Rs 28, or 0.87% to Rs 3,179 per quintal in 94,170 lots.
Analysts said offloading of positions by speculators triggered by sluggish demand in the spot market against increased supplies from producing regions mainly pulled down chana prices at futures trade.
