Business Standard

Chana turns weak on profit taking

Image

Press Trust of India New Delhi

Chana prices declined by Rs 18, or 0.80 per cent, to Rs 2,238 per quintal in futures trade today, as traders preferred to book profits, triggered by a subdued demand in the spot market.

On the Multi Commodity Exchange counter, chana for September contract declined by Rs 18, or 0.80 per cent, to Rs 2,233 per quintal, with a business turnover of 37 lots, while August contract fell by Rs 17, or 0.77 per cent, to Rs 2,193 per quintal, with a business turnover of 18 lots.

Marketmen said subdued demand, against adequate supplies in the physical market mainly led to a fall in chana prices at futures market.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 13 2010 | 3:54 PM IST

Explore News