Chana futures trade down on NCDEX

Chana futures traded down on NCDEX due to good sowing progress in rabi season and thin trading activity owing to quality issues. Further, weak demand in spot market and higher supplies from the major producing belts too weighed on the commodity prices. The contract for May delivery was trading at Rs 3120.00, down by 0.19% or Rs 6.00 from its previous closing of Rs 3126.00. The open interest of the contract stood at 91430 lots. The contract for June delivery was trading at Rs 3181.00, down by 0.28% or Rs 9.00 from its previous closing of Rs 3190.00. The open interest of the contract stood at 67570 lots on NCDEX.