Chana futures fall 0.90% on increased supply

NEW DELHI: Chana prices were down 0.90 per cent to Rs 2,870 per quintal in futures trade today as speculators trimmed positions amidst increased supplies from producing regions in spot markets.

At the National Commodity and Derivative Exchange, chana for delivery in September traded lower by Rs 26, or 0.90 per cent, to Rs 2,870 per quintal with an open interest of 1,39,050 lots.

Similarly, the commodity for delivery in October lost Rs 22, or 0.74 per cent, to Rs 2,958 per quintal in 73,230 lots.

Market analysts attributed the fall in chana futures to increased supplies from producing regions in the physical market against weak demand from dal mills.