Chana prices edged higher by Rs 18 to Rs 3,024 per quintal in futures trade today as traders created fresh positions, driven by firming spot market trend on good festive season demand.
Restricted arrivals from the main producing regions of Rajasthan and Madhya Pradesh further supported the uptrend in prices.
At the National Commodity Derivatives Exchange, chana for August delivery rose by Rs 18, or 0.60%, to Rs 3,024 per quintal, with an open interest of 51,380 lots.
Similarly, the commodity for September delivery gained Rs 17, or 0.17%, to Rs 3,126 per quintal, with a business volume of 3,45,830 lots.
Analysts said fresh buying by traders, driven by pick-up in spot market demand supported by ongoing festive season, mainly led to rise in chana futures prices.