Chana futures down 1% on profit-booking

BureauUpdated: Saturday, June 01, 2019, 12:12 PM IST
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New Delhi: Chana prices fell by 1 per cent to Rs 2,867 per quintal in futures trading today as speculators booked profits amid higher supplies in spot markets.

At the National Commodity and Derivative Exchange, chana for delivery in July fell by Rs 29, or one per cent, to Rs 2,867 per quintal, with an open interest of 1,09,380 lots.

Similarly, the commodity for delivery in June declined by Rs 27, or 0.95 per cent, to Rs 2,798 per quintal, with an open interest of 98,890 lots.

Traders said besides profit-booking by speculators, ample stocks following higher supplies against subdued demand in the spot markets, mainly led to the fall in chana prices at futures trade.

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