Chana futures soften by 1.82% on muted demand

Chana prices declined by 1.82 per cent to Rs 5,115 per quintal in futures trade today as speculators reduced their exposure amid subdued demand at spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in far-month December fell by Rs 95, or 1.82 per cent, to Rs 5,115 per quintal, with an open interest of 16,060 lots.

The commodity for delivery in November declined by Rs 65, or 1.22 per cent, to Rs 5,251 per quintal with trading open interest of 35,510 lots.

Marketmen said trimming of positions by traders on the back of easing demand in physical market against adequate stocks position, mainly influenced chana prices at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)