 "Chana up 1% on rising demand")
Chana prices traded higher by 0.94 per cent to Rs 2,800 per quintal in futures market today as speculators engaged in enlarging positions on a firm trend at spot market on rising demand.
Besides, tight stocks position in the physical market due to less arrivals from producing regions further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 26, or 0.94 per cent, to Rs 2,800 per quintal with an open interest of 1,370 lots.
Analysts said speculators enlarged positions on rising demand in the spot market against restricted arrivals from producing belts that led to an upward movement in chana prices at futures trade.
Besides, tight stocks position in the physical market due to less arrivals from producing regions further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 26, or 0.94 per cent, to Rs 2,800 per quintal with an open interest of 1,370 lots.
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July chana gained Rs 23, or 0.81 per cent, to Rs 2,880 per quintal in 1,70,570 lots.
Analysts said speculators enlarged positions on rising demand in the spot market against restricted arrivals from producing belts that led to an upward movement in chana prices at futures trade.