Chana prices fell by Rs 56 to Rs 3,998 per quintal in futures trade today as speculators booked profits amid at existing higher levels.
However, expectations of a fall in output this season capped the losses.
At the National Commodity and Derivatives Exchange, the May contract fell by Rs 56, or 1.38%, to Rs 3,998 per quintal, with an open interest of 84,170 lots.
The June contract lost Rs 52, or 1.25%, to Rs 4,106 per quintal, with an open interest of 64,500 lots.
Market analysts said profit-booking by speculators and decision to cut the expiry period of commodity to 4 months from 7 months by the exchange to check volatility mainly led to a fall in chana prices at futures trade.
