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Chana extended losses for the second day with prices falling by Rs 33 to Rs 3,067 per quintal in futures market today as speculators indulged in reducing positions amid sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in August fell further by Rs 33, or 1.06%, to Rs 3,067 per quintal, with an open interest of 2,16,190 lots.
Similarly, the commodity for delivery in July declined by Rs 30, or 0.99%, to Rs 3,014 per quintal in 2,210 lots.
Market analysts said sluggish demand at spot markets against sufficient supplies from producing regions mainly kept pressure on chana prices at futures trade.
