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Chana remains higher on physical demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:57 AM IST

Chana prices rose by Rs 12, or 0.59 per cent, to Rs 2,250 per quintal in futures trade today after speculators enlarged their positions, driven by domestic demand at lower levels.

At the Multi Commodity Exchange counter, chana for July contract rose Rs 12, or 0.59 per cent, to Rs 2,207 per quintal with a business volume of 33 lots.

Similarly, the chana for delivery in August contract increased by Rs 13, or 0.54 per cent, to Rs 2,250 per quintal, with a trading volume of 15 lots.

Analysts said fresh positions created by speculators, followed by pick up in demand in the spot market for the marriage season, influenced the chana prices in futures trade here.

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First Published: Jun 29 2010 | 2:42 PM IST

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