Chana prices declined by Rs 8 to Rs 2,894 per quintal in futures trade today as speculators preferred to book profits at higher levels, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, chana for July delivery declined by Rs 8, or 0.28%, to Rs 2,894 per quintal, with an open interest of 41,240 lots.
Similarly, the commodity for August delivery shed Rs 7, or 0.23%, to Rs 2,981 per quintal in 300,880 lots.
Traders said besides profit-booking by speculators, subdued demand in the spot market led to the decline in chana futures prices.
