Chana weakened by Rs 7 to Rs 2,833 per quintal in futures trade today on profit-taking by speculators, driven by weak spot market demand.
At the Multi Commodity Exchange, chana for July delivery moved down by Rs 7, or 0.25%, to Rs 2,833 per quintal, with an open interest of 17,190 lots.
Likewise, the commodity for August delivery shed Rs 5, or 0.17%, to Rs 2,925 per quintal, with an open interest of 286,270 lots.
Traders said profit-taking by speculators, driven by weak demand in the spot market mainly led to the decline in chana futures price.