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Chana down 0.8% on profit-booking

Commodity for October delivery fell by 0.76%

Press Trust of India New Delhi
Chana prices fell 0.85% to Rs 2,803 per quintal in futures trade today as speculators booked profits at prevailing levels amid sluggish demand in the physical market.

At the National Commodity and Derivative Exchange, chana for September declined by Rs 24, or 0.85%, to Rs 2,803 per quintal with an open interest for 80,350 lots.

Similarly, chana for October delivery fell by Rs 22, or 0.76% to Rs 2,860 per quintal with open interest of 1,11,740 lots.

Traders said besides profit-booking by speculators, weak demand from millers and higher supplies in the spot market, mainly led to the fall in chana prices at futures trade.

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First Published: Sep 04 2014 | 11:46 AM IST

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