NEW DELHI, Feb 20: Chana prices fell by Rs 17 to Rs 3,424 per quintal in futures market today, as speculators booked profits, driven by a weak trend at the spot markets.
Expectations of higher output this season and expanded area of cultivation mainly affected the prices.
At the National Commodity and Derivative Exchange, chana for delivery in April fell by Rs 17, or 0.49 per cent, to Rs 3,424 per quintal, with an open interest of 74,280 lots.
Similarly, the commodity for delivery in May declined Rs 15, or 0.43 per cent, to Rs 3,474 per quintal, with open interest of 24,240 lots.
Traders said profit-booking by speculators following subdued demand in the spot market mainly led to the fall in chana prices at futures trade.
They said, as supplies from the new season crop and expectations of a rise in output also weighed on sentiment. (PTI)
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