Chana prices declined by Rs 14 to Rs 5,741 per quintal in futures trading today as speculators booked profits at high levels, driven by subdued demand in the spot market.
Increased arrivals from producing belts also put pressure on the prices.
At the Multi Commodity Exchange, chana for delivery in September declined by Rs 14, or 0.51% to Rs 2,741 per quintal, with an open interest of 5,290 lots.
Similarly, the commodity for delivery in June shed Rs 6, or 0.24% to Rs 2,542 per quintal, in 1,29,260 lots.
Traders said subdued demand in the spot market against adequate stocks position following increased arrivals in the physical market mainly led to fall in chana futures prices.
