Tuesday 17 June 2014

Chana futures edge lower on higher supply

Chana futures traded down on NCDEX as speculators trimmed positions amid increased supplies from producing regions against lower demand in the spot market. However, concerns over production of summer-sown pulses due to a delay in the arrival of monsoon rains, capped some losses in chana prices to some extent.
The contract for June delivery was trading at Rs 2803.00, down by 0.60% or Rs 17.00 from its previous closing of Rs 2820.00. The open interest of the contract stood at 3670 lots.
The contract for July delivery was trading at Rs 2884.00, down by 0.59% or Rs 17.00 from its previous closing of Rs 2901.00. The open interest of the contract stood at 171460 lots on NCDEX.

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