Chana weakens 0.5% on profit-booking

Chana futures for April fell by Rs 17, or 0.49%, to Rs 3,424 per quintal in 74,280 lots.

At the National Commodity and Derivative Exchange (NCDEX), the May contract declined Rs 15, or 0.43%, to Rs 3,474 per quintal in 24,240 lots.

Prices weakened as speculators booked profits, driven by a weak trend at the spot markets.

Expectations of higher output this season and expanded area of cultivation mainly affected the prices.