Chana prices declined by 0.30 per cent to Rs 3,040 per quintal in futures trading today as speculators trimmed positions on sluggish demand in the spot market against increased supplies from producing belts.
At the National Commodity and Derivatives Exchange, chana for delivery in February declined by Rs 9, or 0.30 per cent, to Rs 3,040 per quintal with an open interest of 86,150 lots.
Similarly, the commodity for delivery in April shed Rs 3, or 0.09 per cent, to Rs 3,190 per quintal in 66,860 lots.
Analysts said trimming of positions by speculators on sluggish demand in the spot market against increased supplies from producing regions led to decline in chana prices at futures trade.
