Chana futures slide 1.19% on profit-booking

Chana prices fell by 1.19 per cent to Rs 5,470 per quintal in futures trade today as speculators booked profits amid fall in demand in the spot market.

In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in September fell by Rs 66, or 1.19 per cent to Rs 5,470 per quintal with an open interest of 16,880 lots.

Likewise, the oil for delivery in October declined by Rs 48, or 0.88 per cent to Rs 5,382 in 13,350 lots.

Analysts said besides profit-booking by participants at prevailing higher levels, easing demand at the spot market against ample stocks position mainly weighed on chana prices at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)