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Chana prices declined by 0.30% to Rs 2,960 per quintal in futures trade today on emergence of profit-booking by speculators at prevailing levels amidst subdued demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in July traded lower by Rs 9, or 0.30%, to Rs 2,960 per quintal with an open interest of 1,72,210 lots.
Similarly, the commodity for delivery in July shed Rs 5, or 0.18%, to Rs 2,815 per quintal in 38,630 lots.
Analysts said besides profit-booking by speculators at prevailing levels, sluggish demand in the spot markets against adequate stocks position mainly influenced chana prices in futures trade.
