Chana futures fall 0.66 per cent on increased supply

NEW DELHI: Chana prices declined 0.66 per cent to Rs 2,855 per quintal in futures trade today as speculators reduced exposures amidst increased supplies from producing regions in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in August moved down by 0.19, or 0.66 per cent to Rs 2,855 per quintal with an open interest of 1,18,540 lots.

Similarly, the commodity for delivery in September declined by Rs 17, or 0.57 per cent to Rs 2,943 per quintal in 93,370 lots.

Marketmen attributed the fall in chana futures to increased arrivals from producing regions in the physical market against sluggish demand from dal mills.