 "Chana up 0.5% on rising demand")
Amid rising domestic demand, chana prices rose for the third-straight day by adding 0.51 per cent to Rs 2,981 per quintal in futures trade today.
Reports of lower estimate of output also influenced chana prices.
At the National Commodity and Derivative Exchange, chana for delivery in February increased by Rs 15, or 0.51 per cent, to Rs 2,981 per quintal with an open interest of 18,510 lots.
Analysts attributed the continued rise in chana futures to rising demand at spot market and fall in arrivals from producing regions.
Reports of lower estimate of output also influenced chana prices.
At the National Commodity and Derivative Exchange, chana for delivery in February increased by Rs 15, or 0.51 per cent, to Rs 2,981 per quintal with an open interest of 18,510 lots.
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The April contract added Rs 8, or 0.26 per cent, to Rs 3,062 per quintal in 92,020 lots.
Analysts attributed the continued rise in chana futures to rising demand at spot market and fall in arrivals from producing regions.