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Chana moves up in futures trade on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:14 AM IST

Chana prices rose by Rs 7, or 0.31 per cent, to Rs 2,240 per quintal in futures trading today, as speculators enlarged their positions, driven by pick up in demand at spot markets.

Some enquiries from dal mills also influenced the chana prices at futures market.

At the Multi Commodity Exchange counter, chana for delivery in current-month August rose by Rs 7, or 0.31 per cent, to Rs 2,240 per quintal, with an open interest of 1,266 lots.

Similarly, the commodity for delivery in September gained Rs 3, or 0.13 per cent, to Rs 2,282 per quintal, with a business turnover of 453 lots.

Market analysts said increased buying by speculators on rising demand at the spot market, against restricted arrivals mainly led to a rise in chana prices at futures trade.

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First Published: Aug 04 2010 | 2:57 PM IST

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