Chana futures weaken by 0.92% on profit-booking

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SummaryChana prices fell by Rs 37 to Rs 3,989 per quintal in futures trade today on profit-booking by speculators amid subdued.

Chana prices fell by Rs 37 to Rs 3,989 per quintal in futures trade today on profit-booking by speculators amid subdued demand in physical markets.

Increased supply from major producing regions of Madhya Pradesh and Rajasthan also put pressure on chana prices in futures trade.

At the National Commodity and Derivative Exchange, chana for January delivery declined by Rs 37, or 0.92 per cent, to Rs 3,989 per quintal, with an open interest for 1,05,420 lots.

Similarly, chana for December delivery fell by Rs 11, or 0.26 per cent, to Rs 4,146 per quintal in 12,740 lots.

Traders said sluggish demand in the domestic market at existing higher prices and increased arrivals from Madhya Pradesh and Rajasthan, mainly led to the fall in chana futures prices.

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