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Chana prices declined by Rs 41 to Rs 3,132 per quintal in futures trade today on speculators selling on expectations that improvement in the monsoon rains could aid sowing of crop.
At the National Commodity and Derivatives Exchange, chana for delivery in August declined by Rs 41, or 1.29%, to Rs 3,132 per quintal, with an open interest of 1,52,040 lots.
Similarly, chana for delivery in the July shed Rs 40, or 1.29%, to Rs 3,062 per quintal with open interest of 81,680 lots.
Marketmen said hopes of higher sowing this season on better monsoon rains besides an adequate stocks position in the spot markets, mainly put pressure on Chana prices.
