Chana futures weaken by 0.85 pc on profit-booking

NEW DELHI, Sept 4:  Chana prices fell 0.85 per cent 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 per cent, 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 per cent 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. (PTI)