Chana trade up by 0.1% on spot demand

Chana prices went up by Rs 3 to Rs 3,087 per quintal in futures market today as speculators indulged in creating positions on the back of a rise in demand in the spot market against restricted supplies.

 

At the National Commodity Derivatives Exchange, chana for delivery in September rose by Rs 3, or 0.10%, to Rs 3,087 per quintal with an open interest of 3,670 lots.

 

Likewise, the commodity for delivery in October traded higher by Re one, or 0.03%, to Rs 3,186 per quintal in 1,68,090 lots.

 

Market analysts said the rise in chana prices at futures trade was attributed to fresh positions created by speculators against restricted arrivals from producing regions, mainly helped chana prices to trade higher at futures trade.