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21-Feb2015

Chana futures decline on sluggish demand

Chana futures traded lower on NCDEX due to sluggish demand in spot market against adequate stocks position. However, expected lower output from the new crop capped some losses in chana prices.

The contract for April delivery was trading at Rs 3665.00, down by 0.79% or Rs 29.00 from its previous closing of Rs 3694.00. The open interest of the contract stood at 174130 lots.

The contract for May delivery was trading at Rs 3673.00, down by 0.97% or Rs 36.00 from its previous closing of Rs 3709.00. The open interest of the contract stood at 83110 lots on NCDEX.


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