Chana prices moved down by Rs 31 to Rs 4,715 per quintal in futures trading today as speculators booked profits at existing higher levels, driven by sluggish spot market demand.
Improved rains in key growing areas of Rajasthan and Madhya Pradesh also influenced chana futures.
At the National Commodity and Derivatives Exchange, chana for delivery in September fell by Rs 31, or 0.65%, to Rs 4,715 per quintal, with a business turnover of 71,260 lots.
The October contract lost Rs 28, or 0.58%, to Rs 4,820 per quintal, with an open interest of 36,190 lots.
Marketmen said profit-booking by speculators at existing higher levels and subdued demand in the spot market mainly led to the fall in chana futures.
