Chana futures fall 0.71 pc on increased supply

NEW DELHI, Dec 11:  Chana prices fell by 0.71 per cent to Rs 2,800 per quintal in futures trading today amid increased supplies at spot market against subdued demand.

At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 20, or 0.71 per cent, to Rs 2,800 per quintal with an open interest of 17,960 lots.

The commodity for delivery in January also traded marginally lower by Rs 2, or 0.07 per cent, to Rs 3,022 per quintal in 91,190 lots.

Analysts attributed the fall in chana futures prices to increased supplies from producing regions against subdued demand in the spot market. (PTI)