Rising for the second straight day, chana prices advanced by 0.43 per cent to Rs 3,745 per quintal in futures market today as participants engaged in enlarging their positions, taking positive cues from spot market on soaring demand from dal mills.
At the National Commodity and Derivatives Exchange, chana for delivery in April went up by Rs 16, or 0.43 per cent to Rs 3,745 per quintal with an open interest of 90,900 lots.
In a similar fashion, the commodity for delivery May was trading higher by Rs 15, or 0.40 per cent to Rs 3,788 per quintal in 21,240 lots.
Analysts said expanding of positions by traders on the back of rising demand from dal mills against restricted supplies from producing regions, mainly kept chana prices higher at futures trade.