Chana futures fall on profit taking

Chana futures prices declined by Rs 10 to Rs 2,400 per 100 kg today as speculators booked profits at higher levels, triggered by subdued demand in the spot market.

At the Multi Commodity Exchange counter, chana for delivery in January declined by Rs 10, or 0.41 per cent, to Rs 2,400 per 100 kg.

Market analysts said subdued demand against adequate supplies in the physical market mainly led to fall in chana prices at futures market.

They said higher kharif pulses production and rising arrivals pushed up prices, but ongoing festive season demand limited losses.