Chana futures prices fell by Rs 40 to Rs 3,411 per quintal today, as speculators booked profits at existing high prices, driven by a subdued demand in the physical market.
Increased supply from Madhya Pradesh and Rajasthan also put pressure on chana prices at futures trade, traders said.
At the National Commodity and Derivatives Exchange, December chana fell by Rs 40, or 1.16%, to Rs 3,411 per quintal, with an open interest of 2,01,520 lots.
The January contract declined by Rs 38, or 1.08%, to Rs 3,496 per quintal, with an open interest of 89,880 lots.
Similarly, prices for delivery in February eased by Rs 14, or 0.41%, to Rs 3,418 per quintal, with an open interest of 34,500 lots.
