Chana futures prices today fell by 0.61% to Rs 4,258 per quintal as traders reduced their positions following restrictions imposed by the exchange authorities to curb excessive speculation.
Weak demand in the spot markets at prevailing levels also put pressure on the chana futures here.
At the National Commodity and Derivatives Exchange, chana for delivery in June fell by Rs 26, or 0.61%, to Rs 4,258 per quintal with an open interest of 91,910 lots.
The July contract shed Rs 25, or 0.57%, to Rs 4,353 per quintal with business volume of 32,120 lots.
Marketmen analysts said the fall in chana prices at futures trade due to off-loading of positions by participants after NCDEX announced a series of measures to check excessive speculation such as raising margin money to 35% on long positions.
Meanwhile, prices have jumped about 15% since the end of March.