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Chana futures soften 0.24 pc on muted demand

Press Trust of India  |  New Delhi 

Chana prices declined 0.24 per cent to Rs 4,622 per quintal in futures trade Friday as speculators reduced exposure amid subdued demand at the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 11, or 0.24 per cent, to Rs 4,622 per quintal, with an open interest of 29,390 lots.

Similarly, the commodity for delivery in February declined by Rs 25, or 0.54 per cent, to Rs 4,645 per quintal in 9,250 lots.

Marketmen said trimming of positions by traders on the back of easing demand in the physical market against adequate stocks position mainly influenced 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: Fri, December 07 2018. 12:45 IST
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