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Chana futures decline 1.18% on sluggish demand

Press Trust of India  |  New Delhi 

Chana prices dropped by 1.18 per cent to Rs 4,343 per in futures trade Tuesday after traders reduced their positions amid fall in demand at spot markets against sufficient stock position.

In futures trading at the National Commodity and Derivatives Exchange, chana for delivery in March was trading lower by Rs 52, or 1.18 per cent, at Rs 4,343 per with an open interest of 150 lots.

Likewise, the commodity for delivery in 47, or 1.06 per cent, to quote at Rs 4,390 per in 36,940 lots.

Marketmen said off-loading of bets by traders due to fall in demand in the physical market against adequate stock position on increased arrivals from producing belts, mainly pulled down chana prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 16:11 IST