 "Chana up 0.5% on tight supply")
Chana prices moved up by 0.51% to Rs 2,939 per quintal in futures trade today as speculators enlarged positions on tight supplies from producing regions.
Further, increased demand in the spot market also supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in August rose by Rs 15, or 0.51%, to Rs 2,939 per quintal with an open interest of 64,630 lots.
Analysts said the rise in chana prices in futures trade was mostly on the back of tight supplies in the physical markets from producing regions against rising demand in spot markets.
Further, increased demand in the spot market also supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in August rose by Rs 15, or 0.51%, to Rs 2,939 per quintal with an open interest of 64,630 lots.
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Similarly, the commodity for delivery in July traded up by Rs 14, or 0.49%, to Rs 2,864 per quintal in 1,51,230 lots.
Analysts said the rise in chana prices in futures trade was mostly on the back of tight supplies in the physical markets from producing regions against rising demand in spot markets.