Continuing its falling streak for the second day, chana prices fell by another 3.91 per cent to Rs 8,035 per quintal in futures trading today as speculators indulged in booking profits at current levels.
Furthermore, ample stocks on improved supplies in the physical market amid fall in demand too weighed on chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in August fell by Rs 327, or 3.91 per cent, to Rs 8,035 per quintal, with an open interest of 1,230 lots.
Analysts said apart from profit-booking by speculators, easing demand at prevailing levels and pick up in supplies in the market after the government's recent measures to curb rising prices, pulled down chana prices at futures trade.
