Chana prices fell by Rs 134 to Rs 4,180 per quintal in futures trade today as speculators indulged in profit-taking at existing higher levels, driven by sluggish demand in the spot markets.
The cut in special margin on long contracts to 10% from 20% on running and yet-to-be-launched contracts by exchange authorities failed to have any immediate impact on the trading.
At the National Commodity and Derivatives Exchange, chana for delivery in November fell by Rs 134, or 3.11%, to Rs 4,180 per quintal, with an open interest for 83,890 lots.
October chana declined by Rs 120, or 2.73%, to Rs 4,273 per quintal, with a business turnover of 41,050 lots.
Traders said sluggish demand against adequate stock availability advised speculators to reduce their holding in futures.