Leading agri-commodity exchange NCDEX had relaunched the chana futures contract from Friday.
Meanwhile, market regulator SEBI had lifted ban on futures trading in chana (gram) to ensure better price realisation for farmers as the country has achieved record production in 2016-17 crop year.
Pulses prices have declined in the domestic market in view of record production at over 22 million tonnes in 2016-17 crop year (July-June), making a case for lifting the ban on chana futures.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month October declined by Rs 187 or 3.48 per cent to Rs 5,182 per quintal with an open interest of 3,900 lots.
Similarly, the commodity for delivery in September contracts shed Rs 125 or 2.35 per cent to Rs 5,203 per quintal in 7,430 lots.