Chana futures declined on NCDEX as an increase in the sowing of kharif pulses coupled with revival of monsoon rainfed areas of western India where the crop is grown. Further, sluggish demand from dal mills in the spot market too added pressure on chana prices.
The contract for August delivery was trading at Rs 2805.00, down by 0.07% or Rs 2.00 from its previous closing of Rs 2807.00. The open interest of the contract stood at 90330 lots.
The contract for September delivery was trading at Rs 2891.00, down by 0.31% or Rs 9.00 from its previous closing of Rs 2900.00. The open interest of the contract stood at 114680 lots on NCDEX.