Chana falls by 0.2% on higher supply

Sluggish demand in the physical market also affected prices

Chana remained weak for the second straight day and prices fell further by 0.19% to Rs 5,190 per quintal in futures trade today following higher supplies from producing regions at the spot market against muted demand.

At National Commodity and Derivatives Exchange, chana for delivery in December fell further by Rs 10, or 0.19%, to Rs 5,190 per quintal with an open interest of 56,420 lots.

Likewise, the commodity for delivery in November contracts eased by Rs 7, or 0.14%, to Rs 5,171 per quintal in 1,830 lots.

Market analysts attributed the persistent slide in chana futures to increased supplies from producing belts in the physical market against sluggish demand.