Chana futures down 0.82 pc on increased supply

NEW DELHI, Jan 7: Chana prices moved down by 0.82 per cent to Rs 3,017 per quintal in futures trading today as participants trimmed positions, triggered by increased supplies from producing regions against subdued demand.

At the National Commodity and Derivative Exchange, chana for delivery in January moved down by Rs 25, or 0.82 per cent, to Rs 3,017 per quintal with an open interest of 56,690 lots.

Similarly, the commodity for delivery in February lost Rs 21, or 0.68 per cent, to Rs 3,078 per quintal in 66,030 lots.

Analysts said participants trimmed positions, triggered by increased supplies from producing regions against subdued demand in the spot market that pulled down chana prices at futures trade. (AGENCIES)