Extending fall for the second straight day, chana prices were lower by 0.46 per cent to Rs 4,760 per quintal in futures trading today as traders engaged in trimming holdings amid adequate stocks position at spot market.
At the National Commodity and Derivative Exchange, chana for delivery in October month moved down by Rs 22, or 0.46 per cent to Rs 4,760 per quintal with an open interest of 28,000 lots.
Similarly, the commodity for delivery in November contracts weakened by Rs 14, or 0.29 per cent to Rs 4,883 per quintal in 87,670 lots.
Analysts said offloading of positions by speculators, driven by adequate stocks position in the physical market on higher supplies from producing belts against easing demand, mainly kept pressure on chana prices in futures trade.
