 "Chana up 1.8% on better spot demand")
Chana prices rose by Rs 56 to Rs 3,060 per quintal in futures trade today as speculators enlarged their positions on higher demand in the spot market.
At the National Commodity Derivatives Exchange, chana for September contract rose by Rs 56, or 1.86%, to Rs 3,060 per quintal, with an open interest of 10,090 lots.
Similarly, the commodity for delivery in October gained Rs 49, or 1.57%, to Rs 3,159 per quintal, with an open interest of 1,51,490 lots.
They said fresh enquiries from millers at lower levels against fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend.
At the National Commodity Derivatives Exchange, chana for September contract rose by Rs 56, or 1.86%, to Rs 3,060 per quintal, with an open interest of 10,090 lots.
Similarly, the commodity for delivery in October gained Rs 49, or 1.57%, to Rs 3,159 per quintal, with an open interest of 1,51,490 lots.
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Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals mainly pushed up chana prices in futures.
They said fresh enquiries from millers at lower levels against fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend.