Chana prices dropped by 1.10
per cent to Rs 4,400 per quintal in futures trade Monday after traders reduced their positions amid fall in demand at spot markets against sufficient stocks position.
In futures trading at the National Commodity and Derivatives Exchange, chana for delivery this month was trading lower by Rs 49, or 1.10 per cent at Rs 4,400 per quintal with an open interst of 150 lots.
Likewise, the commodity for delivery in December shed Rs 43, or 0.96 per cent, to quote at Rs 4,450 per quintal in 36,940 lots.
Marketmen said off-loading of bets by traders due to fall in demand in the physical market against adequate stocks position on increased arrivals from producing belts, mainly pulled down chana prices at futures trade.
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