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Chana declines on profit-booking

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Press Trust of India New Delhi

Chana prices declined by Rs 15 to Rs 3,344 per quintal in futures trade today as speculators booked profits, influenced by a weak trend in the spot market on subdued demand.

At the Multi Commodity Exchange, October chana declined by Rs 15, or 0.15%, to Rs 3,344 per quintal, with an open interest for 143,740 lots.

The September contract lost Rs 13, or 0.40%, to Rs 3,257 per quintal, with a trading volume of 301,120 lots.

Traders said besides profit-booking by speculators, subdued spot market demand led to the fall in chana futures prices.

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First Published: Aug 29 2011 | 1:11 PM IST

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