Chana prices fell by Rs 105 to Rs 4,250 per quintal in futures trade today as speculators indulged in profit-taking at existing higher prices, driven by subdued demand in the spot market.
Increased supply from Madhya Pradesh and Rajasthan put pressure on chana prices in the futures trade.
At the National Commodity and Derivatives Exchange, chana for November delivery fell by Rs 105, or 2.41%, to Rs 4,250 per quintal, with an open interest of 44,230 lots.
COctober chana declined by Rs 55, or 1.24%, to Rs 4,392 per quintal, with an open interest of 77,890 lots.
Traders said subdued demand in the domestic market against increased arrivals from Madhya Pradesh and Rajasthan led to the fall in chana prices in the futures market.
