Chana down by 0.6% on profit booking

Traders said sluggish demand in the domestic market at existing higher prices led to the fall in chana futures prices

Chana prices fell by 0.61% to Rs 3,058 per quintal in futures trade today on profit-booking by speculators due to sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, chana for October declined by Rs 19, or 0.61%, to Rs 3,058 per quintal with an open interest for 1,55,740 lots.

Similarly, chana for November delivery fell by Rs 19, or 0.60% to Rs 3,143 per quintal with an open interest of 77,590 lots.

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