Chana futures fall 0.93 pc on subdued demand

NEW DELHI, May 26:  Chana prices fell 0.93 per cent to Rs 2,867 per quintal in futures trade today as speculators trimmed positions, driven by subdued demand in the spot market against adequate stocks position.
At the National Commodity and Derivative Exchange, chana for delivery in June dropped by Rs 27, or 0.93 per cent, to Rs 2,867 per quintal with an open interest of 1,37,120 lots.
Similarly, the commodity for delivery in July shed Rs 25, or 0.84 per cent, to Rs 2,937 per quintal in 73,970 lots.
Analysts said offloading of positions by speculators, driven by subdued demand in the spot market against adequate stocks position mainly kept pressure on chana prices at futures trade. (PTI)

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