Agriwatch: Chana, castor seeds dip in futures trade

Chana prices declined by 0.51 per cent to Rs 4,680 per quintal in futures market Thursday as speculators booked profits amid ample stocks position at the spot market against low demand.

At the National Commodity and Derivatives Exchange, chana for delivery in March fell by Rs 24, or 0.51 per cent, to Rs 4,680 per quintal with an open interest of 10,820 lots.

Likewise, the commodity for delivery in April shed Rs 20, or 0.42 per cent to Rs 4,699 per quintal in 820 lots.


Marketmen said besides profit booking by traders at existing levels, fall in demand in physical market against adequate stocks position on increased arrivals from producing belts mainly attributed the slide in chana prices at futures trade.

Castor seed: Castor seed prices dipped by Rs 24 to Rs 5,542 per quintal in futures trade Thursday after investors widened their bets amid firm spot market trend.

At the National Commodity and Derivatives Exchange, castor seed for February was trading higher by Rs 24, or 0.43 per cent, to Rs 5,542 per quintal.

Castor seed for March next year, too, dipped by Rs 12, or 0.21 per cent, to Rs 5,622 per quintal, with an open interest of 3,200 lots.