Chana futures decline 0.36% on subdued spot demand
Chana for delivery in October declined by Rs 10, or 0.36 per cent, to Rs 2,794 per quintal with an open interest of 1,34,790 lots.
By PTI | Updated:
NEW DELHI: Chana futures traded 0.36 per cent lower at Rs 2,794 per quintal in futures market today as speculators reduced positions amid a weak trend at spot market on sluggish demand.
Further, expectations of higher output put pressure on chana prices.
At the National Commodity and Derivative Exchange, chana for delivery in October declined by Rs 10, or 0.36 per cent, to Rs 2,794 per quintal with an open interest of 1,34,790 lots.
Similarly, the commodity for delivery in September eased by Rs 5, or 0.18 per cent, to Rs 2,755 per quintal in 3,320 lots.
Market analysts attributed the fall in chana futures to sluggish demand and hopes of higher production in the markets against adequate stocks position.
Further, expectations of higher output put pressure on chana prices.
At the National Commodity and Derivative Exchange, chana for delivery in October declined by Rs 10, or 0.36 per cent, to Rs 2,794 per quintal with an open interest of 1,34,790 lots.
Similarly, the commodity for delivery in September eased by Rs 5, or 0.18 per cent, to Rs 2,755 per quintal in 3,320 lots.
Market analysts attributed the fall in chana futures to sluggish demand and hopes of higher production in the markets against adequate stocks position.
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