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As on Jan 20, 2020 12:00 AM Your results on : Mid Session    
Chana Extends Losses On Expiry
20-Jan-2020 (13:21)
Chana fell to fresh contract lows amid expiry of the near month futures as traders eyed the latest progress in sowing. Agri ministry data showed that acreage under pulses stood at of 157.33 lakh hectares as against 150 lakh hectares (lh) in the same week last year. There has been an impressive spurt of 10.38% in the acreage under Chana, which currently stands at 105.35 lh despite a moderate performance by Madhya Pradesh- the leading producing state. The benchmark Chana futures for March tanked to a low of Rs 4136 per quintal, down 3% on the day, extending their recent fall. The counter has dropped on a consistent basis after topping out at six week high of Rs 4535 per quintal in the middle of last month. The near month January futures are expiring today and currently linger at Rs 4455 per quintal, down 0.34% on the day.

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