Chana prices plunged by 4 per cent to hit lower limit at Rs 8,362 per quintal in futures trade today as speculators booked profits, driven by easing demand in the spot market at prevailing levels.
Ample stocks int he physical markets after the government took a series of measures to check rising prices weighed on prices.
At the National Commodity and Derivatives Exchange, chana for delivery in August month tumbled by Rs 348, or 4 per cent to Rs 8,362 per quintal with an open interest of 1,270 lots.
Also, the commodity for delivery in September contracts dropped by Rs 262 or 2.99 per cent to Rs 8,500 per quintal in 250 lots.
Analysts said, besides profit-booking by speculators amid easing demand at prevailing levels and government's steps to curb rising prices, pulled down chana prices at futures trade.
