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Chana up 1.2% on good buying activity

Estimates of higher production restricted the upside.

Press Trust of India New Delhi
Last Updated : Jun 06 2013 | 3:20 PM IST
Chana prices rose by 1.24% to Rs 3,176 per quintal in futures trade today as participants enlarged their holdings in the commodity on account of the good demand in the market after a recent fall in prices.
    
However, estimates of higher production restricted the upside.
     
At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 39, or 1.24%, to Rs 3,176 per quintal, with an open interest of 13,610 lots.
    

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Similarly, chana for delivery in July gained Rs 32, or 0.99%, to Rs 3,251 per quintal, with an open interest of 1,76,800 lots.
    
Traders said  the rise in chana prices at futures trade to rise in spot market demand amid a fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend in futures trade.

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First Published: Jun 06 2013 | 3:18 PM IST

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