Chana Futures Closed Lower Profit

Chana futures closed lower profit booking with higher volume. However, expectation of late arrivals of new season chana due unseasonal rain forecasts in North and Central India capped losses. Chana for April delivery closed lower by 0.62% to settle at Rs 4,318 per quintal.

There are reports of hailstorm damage for chana in Maharashtra during last week and forecast the same for this week too. Government is creating buffer stock for pulses including chana so that they can stabilize the prices in years to come.

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