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Chana futures slip on profit-booking

Chana prices moved down by 0.48 per cent to Rs 3,695 per quintal in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in June contracts fell by Rs 18, or 0.48 per cent, to Rs 3,695 per quintal with an open interest of 21,990 lots.

Similarly, the commodity for delivery in May contracts declined by Rs 17, or 0.46 per cent, to Rs 3,656 per quintal in 10,1190 lots.

Analysts said besides profit-booking by participants at existing level, decline in demand in the physical market against sufficient stocks position attributed the fall in chana futures