Chana prices declined by Rs 50 to Rs 4,072 per quintal in futures trade today as speculators booked profits, driven by sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in July declined by Rs 50, or 1.21%, to Rs 4,072 per quintal with an open interest of 1,04,610 lots.
The June contract shed Rs 48, or 1.18%, to Rs 4,030 per quintal in 14,490 lots.
Market analysts said besides profit-booking by speculators, sluggish demand in the spot market mainly led chana prices to trade lower at futures market.