Chana futures decline on subdued demand

In a range-bound trading, chana prices declined by Rs 20 to Rs 2,410 per quintal in futures trade today, as traders reduced their positions on subdued demand in the spot market. 

Adequate stocks position in the physical market also put pressure on the chana prices.

At the Multi Commodity Exchange platform, chana for delivery in December-month declined by Rs 20, or 0.82 per cent to Rs 2,410 per quintal, with a business turnover of single lot.  

Market experts said adequate stocks against subdued demand in the spot market mainly led to a decline in chana futures prices.