Chana prices moved down by Rs 4 to Rs 2,759 per quintal in futures trading today as speculators booked profits at higher levels, driven by sluggish spot demand.
Adequate stocks position following increased arrivals from producing belts also put pressure on chana futures prices.
At the Multi Commodity Exchange, chana for delivery in September shed Rs 4, or 0.14%, to Rs 2,759 per quintal, with an open interest of 7,840 lots.
Similarly, the commodity for delivery in July lost Rs 2, or 0.08%, to Rs 2,628 per quintal in 2,34,400 lots.
Traders said besides profit-booking by speculators, sluggish demand at the spot market against adequate stocks mainly led to the fall in chana futures.
