Chana rises by 0.7% as demand picks up

Chana prices rose by Rs 22 to Rs 3212 per quintal in futures trading today as speculators created fresh positions, tracking a firm trend at spot market on pick up in demand against tight supplies.

 

At the National Commodity and Derivatives Exchange, chana for delivery in September rose by Rs 22, or 0.69% to Rs 3212 per quintal with an open interest of 82500 lots.

 

Similarly, the commodity for delivery in October traded higher by Rs 22, or 0.68% to Rs 3273 per quintal in 113150 lots.

 

Traders said speculators created fresh positions, tracking a firm trend at spot market on pick up in demand against tight supplies from producing belts mainly led to rise in chana prices at futures trade.