Don't want to miss the best from Business Standard?
Chana prices were down by 0.83 per cent to Rs 5,485 per quintal in futures trade today as participants cut down their positions, triggered by ample stocks at spot market on improved supplies after the government measures to check rising prices.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month June fell by Rs 46, or 0.83 per cent, to Rs 5,485 per quintal, with an open interest of 17,940 lots.
Likewise, the commodity for delivery in May traded lower by Rs 17, or 0.31 per cent, to Rs 5,397 per quintal in 3,850 lots.
Analysts attributed the fall in chana futures to sufficient stocks in the physical market on increased supplies from producing regions after the government announced measures to check rising prices.
Meanwhile, expressing concern over the rise in prices of pulses, traders' body CAIT said the government should impose stock limit on first importers and allow only domestic process houses to import foodgrain and pulses.
