Chana futures slide 0.38 per cent on adequate supply

NEW DELHI: Chana prices were down by 0.38 per cent to Rs 3,171 per quintal in futures trade today as speculators trimmed positions, driven by increased supplies from producing regions in spot market against subdued demand.

At the National Commodity and Derivative Exchange, chana for delivery in November fell by Rs 12, or 0.38 per cent to Rs 3,171 per quintal with an open interest of 53,480 lots.

Similarly, the commodity for delivery in December declined by Rs 10, or 0.32 per cent to Rs 3,144 per quintal in 66,450 lots.

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