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Chana futures up on firm spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:45 PM IST

Chana prices rose by Rs 17 to Rs 2,325 per quintal in futures trading today as speculators enlarged their positions on expectations of rise in domestic demand. 

Restricted arrivals from producing region of Rajasthan and Gujarat further supported the uptrend in prices. 

At the National Commodity and Derivatives Exchange, chana for delivery in April moved up by Rs 17, or 0.74%, to Rs 2,325 per quintal, with an open interest of 59,920 lots.

Similarly, the chana for delivery in May traded higher by Rs 12, or 0.50%, to Rs 2,400 per quintal, with a business turnover of 1,18,950 lots.

Traders said speculators increasing their positions on hopes of rise in spot demand mainly pushed up chana prices in futures trade.

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First Published: Apr 15 2011 | 1:32 PM IST

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