Chana futures down on increased arrivals

NEW DELHI: Chana prices fell by Rs 46 to Rs 3,580 per quintal in futures trading today on increased arrival of new crop in the spot market amid weak demand.

At the National Commodity and Derivatives Exchange, chana for delivery in April fell by Rs 46, or 1.27 per cent, to Rs 3,580 per quintal, with an open interest of 66,570 lots.

Similarly, the commodity for delivery in May lost Rs 43, or 1.15 per cent, to Rs 3,702 per quintal, with an open interest of 1,26,350 lots.

Market analysts said increased arrivals of new crop in the spot markets against sluggish demand mainly kept pressure on chana futures prices.