Chana prices declined by Rs 4, or 0.18 per cent, to Rs 2,232 per quintal in futures trading today, as speculators reduced their holdings, driven by weak demand in the spot market.
Ample stocks position on fresh arrivals from producing regions in spot markets also put pressure on the chana prices in futures trade.
At the National Commodity and Derivatives Exchange counter, chana for September-month fell by Rs 4, or 0.18 per cent, to Rs 2,232 per quintal, with an open interest of 1,44,130 lots.
The chana for delivery in October also shed rupee one, or 0.04 per cent, to Rs 2,278 per quintal, with an open interest of 15,040 lots.
Marketmen said positions reduced by speculators due to subdued demand in the spot market, against adequate supplies in the physical market mainly led to a fall in chana prices at futures market.
