Chana prices dropped 2.74 per cent to Rs 2,730 per quintal in futures trade today as speculators reduced exposures amid increased supplies in spot markets from producing regions.
At the National Commodity and Derivative Exchange, chana for delivery in July plunged by Rs 77, or 2.74 per cent, to Rs 2,730 per quintal with an open interest of 87,090 lots.
Similarly, the commodity for delivery in August lost Rs 61, or 2.10 per cent, to Rs 2,843 per quintal in 1,32,400 lots.
Market analysts attributed the fall in chana futures to adequate stocks in the spot markets following increased supplies from producing regions against sluggish demand.
