Chana up by 0.7% on spot demand

Chana prices rose by 0.71% to Rs 2,821 per quintal in futures trading today as speculators enlarged their holdings on rise in spot market demand.

 

At the National Commodity and Derivatives Exchange, chana for delivery in September rose by Rs 20, or 0.71% to Rs 2,821 per quintal with an open interest of 1,31,480 lots.

 

Similarly, the commodity for delivery in August traded higher by Rs 18, or 0.65% to Rs 2,771 per quintal in 73,480 lots.

 

Market analysts said speculators increasing their holdings after a rise in demand in the spot market, mainly led to rise in chana prices at futures trade.