Chana prices fell by Rs 29 to Rs 4,687 per quintal in futures trade today as speculators indulged in profit-taking at existing higher prices, driven by a subdued demand in the spot market.
Increased supply from Madhya Pradesh and Rajasthan also put pressure on chana prices in the futures trade.
At the National Commodity and Derivatives Exchange, the November contract for chana fell by Rs 29, or 0.61%, to Rs 4,687 per quintal, with an open interest of 78,070 lots.
The December contract declined by Rs 20, or 0.44%, to Rs 4,480 per quintal, with an open interest of 77,900 lots.
Traders said subdued demand in the domestic market against increased arrivals from Madhya Pradesh and Rajasthan mainly led to the fall in chana prices in the futures market.
