Chana futures edged lower on NCDEX on expectation of higher output due to expanded area under cultivation and conducive weather, with higher carry-forward stocks. However, good buying support as the traders focused on the reports stating that the government buying has started in Maharashtra, capped some losses in chana prices.
The contract for February delivery was trading at Rs 2,961.00, down by 0.70% or Rs 21.00 from its previous closing of Rs 2,982.00. The open interest of the contract stood at 19140 lots.
The contract for April delivery was trading at Rs 3,019.00, down by 0.49% or Rs 15.00 from its previous closing of Rs 3,034.00. The open interest of the contract stood at 89300 lots on NCDEX.