Chana futures on the National Commodity and Derivatives Exchange Ltd (NCDEX) opened lower at Rs 4,749 a quintal on Monday against the previous close of Rs 4,769. It was trading at Rs 4,750 at 1.15 pm.

Most traders preferred to book profit after the sharp run-up in prices last week.

Spot prices were quoted at Rs 4,750 a quintal in Delhi on Saturday.

The far-month contracts continue to trade lower on expectations of lower demand after the festival season and better output in the rabi season.

Sowing of chana for rabi season has already started in most states and reported to be good in Andhra Pradesh. Chana futures may remain under pressure with profit-booking at frequent intervals.

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