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Chana shed 0.78% on sluggish demand

Increased arrivals also kept prices down

Press Trust of India  |  New Delhi 

Chana futures prices today declined by Rs 32 to Rs 4,047 per quintal, as speculators booked profits, driven by a sluggish spot demand.

At the National Commodity and Derivatives Exchange, chana for delivery in June declined by Rs 32, or 0.32%, to Rs 4,047 per quintal, with an open interest of 28,150 lots.

The July contract shed Rs 31, or 0.31%, to Rs 4,155 per quintal in 1,02,700 lots.

Market analysts said besides profit-booking by speculators on sluggish demand in the spot market mainly helped chana prices to trade lower at futures market.

They said sentiment weakened further on reports of increased arrivals due to strong supplies from Madhya Pradesh and Rajasthan.

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First Published: Tue, June 05 2012. 15:02 IST