Breaking News

You are here » Indian-Commodity  :  Commodities  :  Chana  :  Chana futures trade down on lower demand

03-May2014

Chana futures trade down on lower demand

Chana futures traded down on NCDEX on lower demand in the physical markets coupled with rising stocks on the exchange warehouses. Further, higher arrivals from the major producing belts too added pressure on commodity prices. However, forecast of lower than normal monsoon by the IMD, lower yield due to severe crop damage as well as procurement by the government agencies, capped some losses in chana prices to some extent.

The contract for May delivery was trading at Rs 3045.00, down by 0.68% or Rs 21.00 from its previous closing of Rs 3066.00. The open interest of the contract stood at 72200 lots.

The contract for June delivery was trading at Rs 3110.00, down by 0.73% or Rs 23.00 from its previous closing of Rs 3133.00. The open interest of the contract stood at 89750 lots on NCDEX.


Related News

View all news

Chana futures inch up on NCDEX

Chana futures inched up on NCDEX, as physical demand rose in the domestic markets amid reports of diminishing stocks with traders and lower imports. Though, higher stock mounts with Government agencies......

Chana futures trade tad lower on NCDEX

Chana futures traded marginally lower on NCDEX, due to report that higher crop production for 3rd consecutive year countered by higher stock piles with Government agencies. However, good physical demand......

Chana futures edge higher on firm demand

Chana futures edged higher on NCDEX, due to frantic buying by retailers and stockiest in line with firm physical demand from domestic and export markets. Meanwhile, diminished supply from growing belts......

Top News

View all news

PVR launches 8th multiplex in city of Hyderabad

PVR has launched its 8th multiplex in the city of Hyderabad. The 6-screen property is located in a convenient location at Hyderabad Next Galleria in Musarambagh, Hyderabad. Designed on the boutique cinema......

Rane Madras, Karnataka Bank and Manappuram Finance to see some action today

Rane Madras has received approval to invest up to $20 million in Rane Precision Die Casting Inc., USA (RPDC), step down subsidiary, through Rane (Madras) International Holdings B V, The Netherlands (RMIH),......

Karnataka Bank opens 839th branch in Karnataka

Karnataka Bank has opened its 839th Branch at Nadugodu - Kateel in the state of Karnataka on March 20, 2019. Earlier, the bank had opened 838th Branch at Mysuru - Ramanuja Road, Karnataka. Karnataka Bank......