Chana down 0.72%

Hopes of higher output triggered the uptrend

Chana futures traded lower by Rs 28 to Rs 3,850 per quintal today.

At the National Commodity and Derivatives Exchange, the January contract traded lower by Rs 28, or 0.72% to Rs 3850 in 6,3350 lots.

Similarly, the February contract lost Rs 19, or 0.53% to Rs 3,553 per quintal in 44,160 lots.

Analysts said hopes of a higher output this year triggering off-loading of positions by speculators influenced the chana futures.