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29-Mar2019

Chana futures trade lower as production rises

Chana futures traded lower on NCDEX, in line with reports on higher stocks with Government agencies and on higher crop production for 3rd consecutive year. Though, lower imports and firmer demand capped the downside.

The contract for April delivery was trading at Rs 4295.00, down by 0.30% or Rs 13.00 from its previous closing of Rs 4308.00. The open interest of the contract stood at 49040 lots.

The contract for May delivery was trading at Rs 4345.00, down by 0.28% or Rs 12.00 from its previous closing of Rs 4357.00. The open interest of the contract stood at 32040 lotson NCDEX.


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