Chana futures edge lower on subdued demand

Chana futures traded down on NCDEX due to subdued demand and slack buying in the spot market. Further, adequate stocks in the physical market due to increased supplies from producing regions also added pressure on chana prices. The contract for November delivery was trading at Rs 3163.00, down by 0.25% or Rs 8.00 from its previous closing of Rs 3171.00. The open interest of the contract stood at 50930 lots. The contract for December delivery was trading at Rs 3147.00, down by 0.29% or Rs 9.00 from its previous closing of Rs 3156.00. The open interest of the contract stood at 66130 lots on NCDEX.