Chana futures weaken by 0.61 per cent

Chana prices fell by 0.61 per cent to Rs 4,221 per quintal in futures trade today as participants cut down their holdings amids muted demand at domestic spot markets and persistent imports.
Besides, expectations of good crop across the growing states, Rajasthan and Madhya Pradesh weighed on chana prices.
At the National Commodity and Derivative Exchange, chana for April month declined by Rs 26, or 0.61 per cent, to Rs 4,221 per quintal with an open interest for 27,170 lots.
Similarly, chana for May delivery fell by Rs 25, or 0.58 per cent to Rs 4,280 per quintal with an open interest for 7,060 lots.

Traders said besides profit-booking by speculators, subdued demand in the spot market at existing higher levels mainly led to the fall in chana prices at futures trade.