Chana futures weaken by 0.90% on profit-booking

NEW DELHI: Chana prices fell by 0.90 per cent to Rs 2,985 per quintal in futures trade today on profit-booking by speculators on reports of higher sowing this season.

At the National Commodity and Derivative Exchange, chana for February delivery declined by Rs 27, or 0.90 per cent, to Rs 2,985 per quintal, with an open interest for 79,660 lots.

Similarly, chana for April delivery fell by Rs 23, or 0.72 per cent, to Rs 3,170 per quintal with open interest of 72,660 lots.

Traders said besides profit-booking by speculators driven by reports of higher sowing this season mainly led to fall in chana prices at futures trade.