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23-Aug2014

Chana futures trade lower on large supply

Chana futures traded lower on NCDEX on large local supplies amid lower-than-expected demand. However, expectations of a pick-up in demand ahead of festivals, capped some losses in chana prices to some extent.

The contract for September delivery was trading at Rs 2896.00, down by 1.33% or Rs 39.00 from its previous closing of Rs 2935.00. The open interest of the contract stood at 140410 lots.

The contract for October delivery was trading at Rs 2980.00, down by 1.06% or Rs 32.00 from its previous closing of Rs 3012.00. The open interest of the contract stood at 73060 lots on NCDEX.


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