Chana prices traded lower by Rs 28 to Rs 4,725 per quintal in futures trade today as speculators reduced their positions on weak spot market trend, following higher supplies from producing belts.
At the National Commodity and Derivatives Exchange, chana for delivery in August fell by Rs 28, or 0.59%, to Rs 4,725 per quintal, with an open interest of 5,980 lots.
September chana declined by Rs 13, or 0.27%, to Rs 4,834 per quintal in 98,530 lots.
Market analysts said speculators reduced their positions, triggered by higher supplies from producing belts, putting pressure on chana futures.