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Chana up 2.6% on better spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Chana prices rose by Rs 93 to Rs 3,627 per quintal in futures trade today as speculators enlarged their positions on rising demand in the spot market.

Restricted arrivals in the physical market also influenced the chana prices at futures trade.

At the National Commodity Derivatives Exchange, the April contract rose Rs 93, or 2.63% to Rs 3,627 per quintal with an open interest of 45,140 lots.

The May contract gained Rs 94, or 2.58% to Rs 3,741 per quintal with open interest of 101,100 lots.

Analysts said increased buying by speculators on good demand in the spot market mainly led to rise in chana futures prices.

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First Published: Apr 02 2012 | 1:27 PM IST

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