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Commodity News |
HeadLine : |
Chana futures decline 0.46 pc on sluggish demand |
Date : |
Mar 5 2015 |
Chana prices were down by 0.46 per cent
to Rs 3667 per quintal in futures trade today as speculators trimmed
positions, tracking a weak trend at spot market on subdued demand.
Adequate stocks position in the
physical market on increased supplies from producing belts put
pressure on chana prices.
At the National Commodity and
Derivative Exchange, chana for delivery in far-month April declined
by Rs 17, or 0.46 per cent to Rs 3,667 per quintal with an open
interest of 1,72,220 lots.
Likewise, the commodity for delivery in
May contracts shed Rs 13, or 0.35 per cent to Rs 3,679 per quintal in
1,00610 lots.
Offloading of positions
by speculators, triggered by subdued demand in spot market against
adequate stocks position, mainly led to the decline in chana prices
at futures trade. Source :-Business Standard
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