Chana prices fell by 0.78 per cent to Rs 2,806 per quintal in futures trade today as speculators trimmed their positions, driven by subdued demand in the spot market against adequate supplies. At the National Commodity and Derivatives Exchange, chana for delivery in August fell further by Rs 22, or 0.78 per cent to Rs 2,806 per quintal with an open interest of 1,79,230 lots. Similarly, the commodity for delivery in September traded lower by Rs 22, or 0.76 per cent to Rs 2,864 per quintal in 77,420 lots.
Turmeric futures were lower on Tuesday due to sluggish demand from local buyers amid higher carry-forward stocks and on good progress in sowing. The key August turmeric contract was down 1.82 percent at 5,732 rupees per 100 kg on the National Commodity and Derivatives Exchange (NCDEX) at 1008 GMT. Indian jeera, or cumin seed, futures fell on hopes of better sowing due to rains in leading cultivating areas, while higher domestic supplies also weighed on sentiment. The actively traded jeera contract for August delivery fell 1.53 percent to 13,325 rupees per 100 kg on the NCDEX.
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