Monday 19 May 2014

Chana futures edge down on higher supply

Chana futures traded down on NCDEX as higher supplies from the new season crop in Madhya Pradesh state. Further, lower demand in the spot market too influenced chana prices.
The contract for May delivery was trading at Rs 2985.00, down by 0.40% or Rs 12.00 from its previous closing of Rs 2997.00. The open interest of the contract stood at 950 lots.
The contract for June delivery was trading at Rs 3053.00, down by 0.55% or Rs 17.00 from its previous closing of Rs 3070.00. The open interest of the contract stood at 158590 lots on NCDEX.

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