You are here: Home » Markets » Commodities » Food & Edible Oils
Business Standard

Chana down 1.6% on profit-booking

Commodity for delivery in June contracts fell by 1.36%

Press Trust of India  |  New Delhi 

Chana prices were down by 1.60 per cent to Rs 4,430 per quintal in futures trade today as speculators indulged in booking profits after recent gains amid low demand at the spot market.

However, lower output estimates capped the fall.

At the National Commodity and Derivative Exchange, chana for delivery in July was trading lower by Rs 72, or 1.60 per cent to Rs 4,430 per quintal with an open interest of 1,47,700 lots.

Likewise, the commodity for delivery in June contracts fell by Rs 61, or 1.36 per cent to Rs 4,421 per quintal in 1,410 lots.

Analysts said apart from profit-booking by speculators at existing levels, fall in demand at the spot markets, mainly pulled down chana prices in futures trade.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 18 2015. 13:14 IST