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Chana futures soften by 1.77 pc on muted demand

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Press Trust of India New Delhi
Chana prices declined by 1.77 per cent to Rs 4,894 per quintal in futures trade today as speculators reduced exposure amid subdued demand at spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 88, or 1.77 per cent, to Rs 4,894 per quintal, with an open interest of 23,220 lots.

The commodity for delivery in January declined by Rs 82, or 1.67 per cent, to Rs 4,815 per quintal with trading open interest of 26,690 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.

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First Published: Nov 27 2017 | 12:30 PM IST

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