Chana futures edge lower on higher supply

Chana futures traded down on NCDEX due to large supplies from the major producing belts against lower than expected demand in the spot market. Further, hopes of bumper production this year too influenced chana prices. The contract for June delivery was trading at Rs 2867.00, down by 0.93% or Rs 27.00 from its previous closing of Rs 2894.00. The open interest of the contract stood at 137890 lots. The contract for July delivery was trading at Rs 2936.00, down by 0.88% or Rs 26.00 from its previous closing of Rs 2962.00. The open interest of the contract stood at 76380 lots on NCDEX.