Chana futures decline on profit-taking

Chana prices declined by Rs 9 to Rs 2,343 per quintal in futures trade today as speculators indulged in profit-taking at existing higher levels driven by a subdued demand at spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in May declined by Rs 9, or 0.38% to Rs 2,343 per quintal, with an open interest of 1,28,890 lots.

Similarly, the commodity for delivery in June lost Rs 7, or 0.29% to Rs 2,421 per quintal, with a trade volume of 1,30,280 lots.

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