Chana prices shot up by 2.65 per cent to Rs 4,680 per quintal in futures trade Monday as speculators built up fresh positions, supported by uptick in demand from dal mills at spot markets.
At the National Commodity and Derivatives Exchange, chana for delivery in November was trading notably higher by Rs 121, or 2.65 per cent at Rs 4,680 per quintal with an open interest of 6,080 lots.
Chana to be delivered in December, too, was trading higher by Rs 103, or 2.25 per cent, at Rs 4,690 per quintal in 51,560 lots.
The rise in chana prices at futures trade was mostly attributed to speculative positions created by participants, triggered by a firm trend at the spot markets on the back of strong demand from dal mills, analysts said.
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