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Chana prices fell by 0.98% to Rs 4,238 per quintal in futures trade today after speculators booked profits at prevailing higher levels amid a decline in demand in the spot market.
However, lower output reports due to unseasonal rains in key producing areas, capped the fall.
At the National Commodity and Derivative Exchange, chana for delivery in June dropped by Rs 42, or 0.98%, to Rs 4,238 per quintal with an open interest of 76,450 lots.
Similarly, the commodity for delivery in May declined by Rs 39, or 0.92%, to Rs 4,187 per quintal in 99,060 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly pulled down chana prices at futures trade.
