 "Chana falls by 0.5% on adequate stocks")
Chana prices fell by 0.53% to Rs 4,137 per quintal in futures trade today as participants lightened their positions, triggered by ample stocks at spot market following an improvement in supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in April declined by Rs 22, or 0.53%, to Rs 4,137 per quintal, with an open interest of 32,140 lots.
On similar lines, the commodity for delivery in far-month May moved down by Rs 22, or 0.52%, to Rs 4,212 per quintal in 13,420 lots.
Market analysts attributed the fall in chana prices at futures trade to adequate stocks positions in the physical market on the back of increased supplies after government took steps to check rising prices.
Meanwhile, about 1.23 lakh tonnes of pulses seized from hoarders have been disposed-off in the open market so far to boost supply and contain rising prices.
