Chana futures trade lower on profit booking

Chana prices drifted by Rs 5 to Rs 2,247 per quintal in futures market today, as speculators booked profits at higher levels, triggered by subdued demand in the spot market. 

At the Multi Commodity Exchange counter, chana for November-month declined by Rs 8, or 0.35 per cent, to Rs 2,247 per quintal, with a business turnover of two lots.

The commodity for delivery in October-month also traded lower by Rs 3, or 0.14 per cent, to Rs 2,162 per quintal in one lot.

Marketmen said profit-booking by speculators and subdued demand in the spot markets mainly led to a fall in chana prices at futures market.