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Chana futures soften by 0.81% on muted demand

Press Trust of India  |  New Delhi 

Chana prices declined by 0.81 per cent to Rs 4,523 per quintal in futures trade today as speculators reduced their exposure amid subdued demand at spot market.

In futures trading at the National Commodity and Derivatives Exchange, chana for delivery in current month fell by Rs 37, or 0.81 per cent, to Rs 4,523 per quintal, with an open interest of 16,960 lots.

The commodity for delivery in January declined by Rs 71, or 0.26 per cent, to Rs 4,545 per quintal with open interest of volume stood at 36,650 lots.

Marketmen said trimming of positions by traders on the back of easing demand in 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, December 04 2017. 12:25 IST