Chana prices moved down by 1.24 per cent to Rs 3,890 per quintal in futures trade today as participants reduced exposure amid easing demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in April fell by Rs 49, or 1.24 per cent, to Rs 3,890 per quintal with an open interest of 56,260 lots.
Similarly, the commodity for delivery in March contracts was trading lower by Rs 37, or 0.94 per cent, at Rs 3,882 per quintal in 74,940 lots.
Analysts attributed the fall in chana futures to offloading of positions by traders on the back of sluggish demand in the physical market against sufficient stocks position.
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