Chana futures down 0.64% on low spot demand

Chana prices went down by 0.64 per cent to Rs 4,210 per quintal in futures trade today as speculators trimmed positions, taking negative cues from spot market on sluggish demand.
At National Commodity and Derivative Exchange, chana for delivery in July declined by Rs 27, or 0.64 per cent to Rs 4,210 per quintal with an open interest of 1,58,060 lots.
Also, the commodity for delivery in August traded lower by Rs 17, or 0.39 per cent to Rs 4,326 per quintal in 96,890 lots.
Analysts said fall in demand in the spot market against adequate stocks position mainly kept pressure on chana prices in futures trade.