Chana prices weakened by Rs 7 to Rs 3,212 per quintal in futures trade today as traders preferred to book profits at existing higher levels, driven by subdued spot market demand.
At the National Commodity and Derivatives Exchange, chana for October delivery declined by Rs 7, or 0.22%, to Rs 3,212 per quintal, with an open interest of 70,400 lots.
Similarly, the commodity for August delivery shed Re 1, or 0.03%, to Rs 3,023 per quintal, with an open interest of 32,200 lots.
Traders said profit-booking by traders, influenced by subdued spot market demand, mainly led to the decline in chana futures prices.
