Wednesday 21 May 2014

Chana futures edge lower on sluggish demand

Chana futures traded lower on NCDEX on account of sluggish demand in the spot market against increased supplies from the major producing belts. Further, expection of bumper production from the major producing belts too influenced chana prices.
The contract for June delivery was trading at Rs 2966.00, down by 0.20% or Rs 6.00 from its previous closing of Rs 2972.00. The open interest of the contract stood at 146790 lots.
The contract for July delivery was trading at Rs 3033.00, down by 0.16% or Rs 5.00 from its previous closing of Rs 3038.00. The open interest of the contract stood at 63640 lots on NCDEX.

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