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Amid profit-booking by speculators and low demand in spot markets, chana prices declined 0.83% to Rs 3,090 per quintal in futures trade today.
Further, expectations of higher output this season also influenced chana prices.
At the National Commodity and Derivative Exchange, chana for delivery in November declined by Rs 26, or 0.83%, to Rs 3,090 per quintal with an open interest of 1,110 lots.
Similarly, the commodity for delivery in December traded lower by Rs 25, or 0.77%, to Rs 3,219 per quintal in 1,02,130 lots.
Analysts said speculators booked profits at prevailing higher levels and fall in demand in the spot market against adequate stocks position mainly kept pressure on chana prices at futures trade.
