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Chana futures soften 0.75 pc on muted demand

Press Trust of India  |  New Delhi 

Chana prices declined by 0.75 per cent to Rs 4,307 per quintal in futures trade Monday 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 March fell by Rs 33, or 0.75 per cent, to Rs 4,307 per quintal with an open interest of 40,240 lots.

Similarly, the commodity for delivery in April declined by Rs 33, or 0.75 per cent, to Rs 4,338 per quintal in 8,680 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: Mon, January 14 2019. 13:45 IST