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Chana prices extend losses by losing Rs 7 to Rs 2,361 a quintal in futures trade today largely on the back of weak trend in physical market amid sluggish demand.
At the National Commodity and Derivative Exchange, chana for delivery in June fell by Rs 7 or 0.30 per cent to Rs 2,361 a quintal, with an open interest of 1,04,580 lots.
Chana for delivery in July declined by Rs 6 or 0.25 per cent to Rs 2,430 a quintal with an open interest of 42,720 lots.
Traders said subdued demand in the spot market against adequate stock positions, mainly led to the fall in prices in futures trade.
They added higher arrivals continued to put pressure on the market sentiments for chana as demand failed to pick up in the mandis even at existing low levels.
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