Chana softens by 0.31% on weak demand
Speculators reduced positions amid a weak trend in spot markets
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Chana prices softened by 0.31% to Rs 2,891 per quintal in futures trade today as speculators reduced positions amid a weak trend in spot markets on subdued demand.
At the National Commodity and Derivative Exchange, chana for delivery in November traded lower by Rs 9, or 0.31% to Rs 2,891 per quintal with an open interest of 16,530 lots.
Similarly, the commodity for delivery in October shed Re 1, or 0.04% to Rs 2,830 per quintal in 4,040 lots.
Market analysts attributed the fall in chana futures to subdued demand in markets against adequate stocks position.
At the National Commodity and Derivative Exchange, chana for delivery in November traded lower by Rs 9, or 0.31% to Rs 2,891 per quintal with an open interest of 16,530 lots.
Similarly, the commodity for delivery in October shed Re 1, or 0.04% to Rs 2,830 per quintal in 4,040 lots.
Market analysts attributed the fall in chana futures to subdued demand in markets against adequate stocks position.
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First Published: Oct 17 2014 | 11:25 AM IST