Business Standard

Chana down 0.9% on profit-booking

Commodity for April delivery fell by 0.72%

Press Trust of India New Delhi
Chana prices fell by 0.90% to Rs 2,985 per quintal in futures trade today on profit-booking by speculators on reports of higher sowing this season.

At the National Commodity and Derivative Exchange, chana for February delivery declined by Rs 27, or 0.90%, to Rs 2,985 per quintal, with an open interest for 79,660 lots.

Similarly, chana for April delivery fell by Rs 23, or 0.72%, to Rs 3,170 per quintal with open interest of 72,660 lots.

Traders said besides profit-booking by speculators driven by reports of higher sowing this season mainly led to fall in chana prices at futures trade.

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First Published: Jan 28 2014 | 1:32 PM IST

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