Chana prices remained weak and lost Rs three to Rs 2,241 per quintal in futures trade today, as speculators continued to reduce their holdings, driven by weak spot market trend.
Adequate stocks position in spot markets on increased arrivals from the producing regions also put pressure on the chana prices in futures trade.
At the National Commodity and Derivatives Exchange counter, chana for November-month declined by Rs 3, or 0.13 per cent, to Rs 2,241 per quintal, with an open interest of 29,790 lots.
Similarly, the chana for delivery in September-month shed rupee one, or 0.05 per cent, to 2,126 per quintal, with an open interest of 79,800 lots.
Marketmen said continued position reduced by speculators and subdued demand in the spot market against supplies in the physical market mainly led to a fall in chana prices at futures trade.