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Chana down 1.1% on profit booking

Chana for October delivery fell by 0.87%

Press Trust of India New Delhi
Chana prices fell by 1.16% to Rs 3,141 per quintal in futures trade today on profit booking by speculators due to sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, chana for November month declined by Rs 37, or 1.16%, to Rs 3,141 per quintal with an open interest of 1,05,390 lots.

Similarly, chana for October delivery fell by Rs 27, or 0.87%, to Rs 3,050 per quintal with an open interest of 13,470 lots.

Traders said sluggish demand in domestic market at existing higher prices and increased arrivals from Rajasthan, mainly led to the fall in chana futures prices.

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First Published: Oct 14 2013 | 1:23 PM IST

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